Convoy Financial Holdings Limited provided earnings guidance for the financial year ended 31 December 2015. Based on preliminary review by the company's management on the unaudited management accounts of the Group, the board of directors of the Company inform the shareholders of the Company and potential investors that the Group is expected to record a loss for its financial year ended 31 December 2015 as compared with the profit recorded by the Group for its financial year ended 31 December 2014. The Board considers that the expected loss was primarily attributable to the factors of the significant decrease of more than 55% in brokerage commission income derived from the independent financial advisory business of the Group in Hong Kong region due to the change in regulations of investment-linked assurance scheme market; and the net losses arising from financial investments of approximately HKD 201 million for the financial year ended 31 December 2015 (mainly due to the volatile financial market in Hong Kong in the second half of 2015), as compared with the net gains arising from financial investments of approximately HKD 243 million as stated in the annual report 2014 of the Group for the financial year ended 31 December 2014.