The Board of directors of New Silkroad Culturaltainment Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016 and after discussion with the auditors of the Company, it is expected that the net loss of the Group for the year ended 31 December 2016 will be substantially increased as compared to the net loss of HKD 40,890,000 recorded for the year ended 31 December 2015. Such substantial increase in the net loss is primarily due to the recognition of the share option expenses as a result of the share options granted during the year.