Grand Ocean Advanced Resources Company Limited provided consolidated earnings guidance for the year ended December 31, 2016. Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016, the group is expected to record consolidated net loss attributable to the owners of the Company, such loss is expected to be less than the loss attributable to the owners of the Company approximately HKD 170,849,000 for the year ended 31 December 2015. The loss attributable to the owners of the company for the year ended 31 December 2016 is mainly due to loss attributable to (i) the manufacturing and sale of plastic woven bag, paper bags and plastic barrels business; and (ii) coal upgrading business for the year.