BaWang International (Group) Holding Limited provided earnings guidance for the full year ended December 31, 2015. For the period, the company expects net loss for the group would be approximately RMB 112.0 million compared to approximately RMB 117.0 million in 2014. Despite the decrease in the sales revenue of the continuing operations in the manufacturing and sales of the household and personal care products leading to the net operating loss for the year ended 31 December 2015, the Board informed the shareholders of the company and potential investors of the Company that, for the year ended 31 December 2015, the selling, distribution and administration costs dropped by approximately RMB 36.0 million as compared to the corresponding period in 2014, which alleviated the impact of the provision for impairment loss of assets of approximately RMB 54.0 million against approximately RMB 42.6 million in 2014, following a valuation of the property, plant and equipment in use in the continuing operations, by reference to their value in use.