Based on the preliminary assessment of the available unaudited financial information of the Group for the three months ended 31 March 2016, the board of directors of City e-Solutions Limited announced that the Group expects to record a loss of about HKD 19 million for the three months ended 31 March 2016 as compared with a loss of HKD 9.7 million for the corresponding period in 2015. The Board considers that the loss was mainly attributable to the net unrealised losses arising from fair value readjustments of the Group's trading securities as at reporting date.