China Gogreen Assets Investment (HKG:0397) expects to record a significant loss for the year ended 31 December 2011 as compared with the profit recorded for the year ended 31 December 2010.

The board believes that it was mainly attributable to unrealized losses arising on change in fair value of the group's held-for-trading investments, the activities of which constitute part of the group's investment business. Such factor is non-cash in nature and will not have any immediate impact on the cash flow and business operation of the group.

The company expects to release its annual results in March 2012.