The board of directors of AVIC Joy Holdings (HK) Limited informed the shareholders of the company and potential investors that the Group is expected to record a substantial increase in consolidated loss for the year ended 31 December 2015 as compared to the corresponding period in 2014. The Board expected that such increased loss was mainly attributable to impairment of goodwill, and property, plant and equipment of gas business; the loss arising from the fair value changes of investment properties; and increase in finance cost.