Sincere Watch (Hong Kong) Limited provided earnings guidance for the six months ended September 30, 2016. Based on the information currently available, the company is expected to continue to record a loss for the six months ended 30 September 2016 but such loss may increase significantly by approximately 90% as compared with the net loss for the corresponding period of 2015. Such increase in the net loss is primarily attributable to the impairment on the Group's available-for-sale investments to reflect the decrease in fair value of the equity instruments.