The board of directors of Ngai Shun Holdings Limited informed the shareholders of the company and potential investors that the Group is expected to record a net loss for the year ended 31 March 2016 as compared to a net profit for the year ended 31 March 2015. The expected net loss for the current year was mainly due to (i) the fair value loss and loss on disposal of the equity investments at fair value through profit or loss; and (ii) the decrease in net profit generated from the foundation business.