The board of directors of Chinese Strategic Holdings Limited announced that, as compared to a loss for the year ended 31 December 2015, the Group is expected to record a substantial loss for the year ended 31 December 2016 as a result of impairment loss recognized in respect of other receivables of approximately HKD 164 million and loss on disposals of investments held for trading of approximately HKD 69 million for the year ended 31 December 2016.