Based on the unaudited consolidated management accounts of the group for the nine months ended 31 March 2016, the board of directors of Silk Road Energy Services Group Limited announced that the group is expected to record a substantial increase in net loss for the three months ended March 31, 2016 as compared with the loss of approximately HKD 5,249,000 for the corresponding period in 2015. Such increase in loss in the third quarter was mainly attributable to the share of loss of associates and losses arising on change in fair value of held-for-trading investment due to the volatility of the stock market.