The board of directors of Sino-Tech International Holdings Limited announced that the group is expected to report an estimated loss of around HKD 25.0 million for the year ended 31 December 2015, as compared with the loss of approximately HKD 40.4 million for the year ended 31 December 2014. The reduction in loss was mainly due to the gain on modification of terms of convertible notes, which partly offset, among others, the increased operating loss and the imputed interest expenses on convertible notes. The increase in operating loss was mainly due to the expansion of loss from the electronic products business as a result of, among others, the drop in turnover and the increase in minimum wages in the People's Republic of China.