The board of directors of Pacific Plywood Holdings Limited informed the shareholders of the company and potential investors that the Group is expected to record a substantial increase in consolidated net loss for the year ended 31 December 2015 as compared to the corresponding period in 2014. The Board considers that the expected substantial increase in consolidated net loss was mainly attributable to the increase in impairment loss recognised in respect of the goodwill of the forestry business during the year ended 31 December 2015.