GCL New Energy Holdings Limited provided earnings guidance for the year ended 31 December 2015. For the period, the Group may have an anticipated loss attributable to owners of the company for the Year, which is expected to be lower than the loss attributable to the owners of the company of approximately HKD 113 million (equivalent to approximately RMB 89 million) for the nine months ended 31 December 2014. Although the solar energy business segment started to generate revenue and profit for the Year, the Board considers that the anticipated loss for the Year was mainly attributable to (i) the Impairment of approximately HKD 50 million (equivalent to approximately RMB 42 million) that may be recognised on the plant and equipment in connection with the possible discontinuance or disposal of Dongguan Factory of printed circuit boards business; (ii) the increase in the depreciation charge of approximately HKD 131 million (equivalent to approximately RMB 111 million) for the Year, due to the changes in technology on plant and machinery as well as products of printed circuit boards, so that the useful lives of plant and machinery are expected to be shorter than previously estimated; and (iii) the increase in non- cash share based payment expenses by approximately HKD 55 million (equivalent to approximately RMB 46 million) in relation to an additional second grant of 473,460,000 share options on 24 July 2015 in addition to the 536,840,000 share options which are granted on 23 October 2014.