Interactive Entertainment China Cultural Technology Investments Limited announced that reference is made to the announcement of by the company and together with its subsidiaries, dated 6 April 2016 in which the company announced that the Group is expected to record a substantial loss attributable to the shareholders of the Company for the three months ended 31 March 2016 as compared to the profit attributable to the shareholders of the Company in the corresponding period in 2015 of approximately HKD 6.8 million, mainly attributable to (i) unrealised losses arising on change in fair value of the Group's financial assets at fair value through profit or loss of approximately HKD 96 million for the three months ended 31 March 2016, which is non-cash in nature and will not have any cash flow burden to the Group; and (ii) increase in finance costs of the Group from approximately HKD 0.2 million for the three months ended 31 March 2015 to approximately HKD 10 million for the three months ended 31 March 2016. The board of directors of the company now informed the shareholders of the company and potential investors that the expected loss is also attributable to the reclassification of fair value loss on available-for-sale investments of approximately HKD 14.3 million from other comprehensive loss to profit or loss in respect of the shares in Universe International Holdings Limited, certain of which have been or are being disposed of by the Group in April 2016.