Starrise Media Holdings Limited provided group earnings guidance for the six months ended 30 June 2018. The group's consolidated net profit attributable to equity shareholders of the Company for the six months ended 30 June 2018 is expected to be negative with a loss of approximately RMB 90 million, as opposed to the net profit attributable to equity shareholders of the Company of approximately RMB 29 million recorded for the six months ended 30 June 2017. Based on the information currently available to the Company, the Board believes that such decrease in profits for the six months ended 30 June 2018 as compared to the six months ended 30 June 2017 is mainly attributable to the losses on change in fair value recognized in profit or loss of RMB 58 million in relation to the derivatives embedded in convertible bonds (the gain on change in the fair value of the embedded derivatives in convertible bonds for the six months ended 30 June 2017 was approximately RMB 50 million).