Hong Kong Education (Int'l) Investments Limited provided unaudited consolidated earnings guidance for the year ended 30 June 2017. The group expects to record a substantial increase in net loss for the year ended 30 June 2017 as compared to that for the year ended 30 June 2016, approximately HKD 145.1 million, mainly due to the following reasons: As a result of the volatile stock market in Hong Kong, the group expects to record a loss arising on change in fair value of listed held-for-trading investments of the group of approximately HKD 210.8 million, of which the unrealised loss in fair value of the group's investment in Convoy Global Holdings Limited amounted to approximately HKD 168 million. The group expects to record expenses for equity-settled share-based payments for the share options granted by the company of approximately HKD 13.5 million during full year 2017.