South China Assets Holdings Limited provided preliminary unaudited consolidated earnings guidance for the nine months ended September 30, 2016. Group expects to report a significant increase in loss for the nine months ended 30 September 2016 as compared with the unaudited results for the corresponding period in 2015. Such increase 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, and expected effect from non-capitalisation of administrative expenses and finance costs in properties under development after the disposal of subsidiaries as set out in the joint announcement of the company and South China Holdings Company Limited dated 7 October 2015.