The board of directors of the GreaterChina Professional Services Limited informed the shareholders of the company and potential investors that, based on the unaudited consolidated management accounts of the Group, it is anticipated that the Group will record a substantial loss for the year ended 31 March 2017 as compared with that for the year ended 31 March 2016 due to the recognition of impairment on certain investments of the Group, apart from the significant unrealised loss on financial assets at fair value through profit or loss under the volatile stock market conditions. The information contained in this announcement is only based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the Year which have not been finalised as at the date hereof. Further details of the Group's results for the Year are expected to be announced on 26 June 2017.