The board of directors of Nan Nan Resources Enterprise Limited announced that the annual results of the group for the year ended 31 March 2014 are expected to record a significant increase in the net loss as compared to the net loss for the year ended 31 March 2013, which was mainly due to the decrease in both selling prices and sale volumes of the large, middle and nucleus coals and the decrease in the company's gross profit margin in coal selling and the increase in loss arising from the change of the fair value of convertible loan notes.