The board of directors of GCL New Energy Holdings Limited anticipated unaudited loss attributable to owners of the company for the year ending 31 December 2015, while the interim results for the six months ended 30 June 2015 have recorded a profit attributable to the owners of the company of approximately HKD 90.2 million. The Board considers that the anticipated loss was mainly attributable to the one-off non-cash potential impairment loss (the "Impairment") that may be recognised on the investment in subsidiaries in connection with the possible discontinuance or disposal of Dongguan Red Board Limited (the "Dongguan Factory"), being one of the two factories of the Group engaging in the manufacture and sale of printed circuit boards with registered capital of HKD 250 million, after considering the recent performance, and the costs and uncertainty in complying with the environmental policies of the Dongguan Factory, while no such Impairment was recorded in the 2015 Interim Results or the annual report for the nine months ended 31 December 2014; and increase in non-cash share based payment expenses after an additional second grant of 473,460,000 share options on 24 July 2015 in addition to the 536,840,000 share options which are already granted.