Sincere Watch (Hong Kong) Limited board of directors announced that the unaudited interim results of the Group for the six months ended 30 September 2015 are expected to incur a net loss as compared with a net profit of approximately HKD 25.7 million for the six months ended 30 September 2014. Such a net loss is mainly due to a substantial decrease in the revenue and the gross profit where such decrease is mainly attributable to the continuous slowdown in the luxury retail market for fine watches.