South China Assets Holdings Limited provided consolidated earnings guidance for the first quarter ended March 31, 2016. The company expected to report a loss for the three months ended 31 March 2016 as opposed to the profit for the corresponding period in 2015. Such expected change in the results for the period is mainly attributable to the significant decrease of fair value gain on redemption option embedded in redeemable convertible preference shares of a related company recorded in the Period.