China Green (Holdings) Limited provided earnings guidance for the year ended 30 April 2016. The loss attributable to owners of the Company for the year ended 30 April 2016 is expected to increase substantially as compared to that of the financial year ended 30 April 2015, which was mainly attributable to: an estimated fair value loss of approximately RMB 120 million arising from impairment loss on available-for-sale financial assets recognized due to a significant decline in the fair value of the listed securities investments below its cost; an impairment loss of approximately RMB 400 million recognized in relation to the property, plant and equipment and long-term prepaid rentals made by the group due to withdrawal of certain leases for the farmlands in Fujian, Jiangxi and Hubei provinces; and the incurring of a direct tax expense and legal and professional fees in connection with the disposal of the branded beverage products business of the company which was completed on 23 March 2016 and an impairment loss recognized on certain tangible assets in connection with the discontinued operations as a result of the restructuring of the discontinued operations, partly offset the net gain on the disposal.