S.A.S. Dragon Holdings Limited provided earnings guidance for the year ended December 31, 2015. The board of directors of the company announced that based on the information currently available to the company, it is expected that the consolidated profit attributable to owners of the company for the year ended December 31, 2015 may decrease by around 40% as compared to the consolidated profit of approximately HKD 145 million attributable to owners of the company for the year ended December 31, 2014. The decrease was mainly due to recognition of, including but not limited to, (i) the non-cash net unrealized loss on financial assets at fair value through profit or loss and the impairment loss on an available-for-sale investment as a result of the volatile stock market condition in Hong Kong in the second half of 2015; (ii) the non-cash fair value loss of derivative financial instruments related to certain outstanding foreign currency forward contracts as a result of the devaluation of Renminbi in the second half of 2015 (whereas the company recorded a net realized gain from settled foreign currency forward contracts in 2015); (iii) the listing expenses incurred by a subsidiary, Hi-Level Technology Holdings Limited, which subsequently listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited on January 7, 2016 and (iv) the share of loss of an associate, Reachfull Investment Limited.