The board of directors of IR Resources Limited announced that based on the latest unaudited financial information available to it, the Group, when compared to its consolidated loss of HKD 28.5 million for the nine months ended 30 September 2017, expects to record further loss for the year ended 31 December 2017. The further increase in the consolidated loss of the Group was attributable to, among other things, the potential impairment loss on the intangible assets and the related property, plant and equipment which may amount to approximately HKD 60 million.