The board of directors of New Wisdom Holding Company Limited informed the shareholders and potential investors of the company that based on the preliminary review of the latest unaudited management accounts of the Group, the Group is expected to record an increase in loss for the year ended 31 March 2017 as compared to that of the previous financial year mainly due to decrease in revenue resulting from the disposal of entire interests in the Shanghainese dining concept and Taiwan beef noodle china stores during previous financial year; and decrease in profit generated from existing restaurants as affected by the sluggish economy.