Grand Ocean Advanced Resources Company Limited provided group earnings guidance for the full year ended December 31, 2015. Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended December 31, 2015, the Group is expected to record a substantial increase in the unaudited consolidated net loss for the year ended December 31, 2015 as compared with the audited consolidated net loss for the year ended December 31, 2014. The expected increase in the unaudited consolidated net loss was mainly attributable to the following factors: the decrease in turnover in the manufacture and sale of plastic woven bags, paper bags and plastic barrels business segment; the increase in administrative expenses; the impairment losses on the Group's inventories, trade receivables and property, plant and equipment in the manufacture and sale of plastic woven bags, paper bags and plastic barrels business segment; and the possible impairment loss on the Group's property, plant and equipment in the production and sale of coal business segment and low-rank coal upgrading services business segment.