China Netcom Technology Holdings Limited provided consolidated earnings guidance for the full year ended December 31, 2017. For the period, the provided for full impairment on the carrying amount of the concession rights, which would result in an impairment loss of approximately HKD 57,147,000 (2016: HKD 8,460,000) (the impairment loss). The consolidated financial statements of the group for the year ended 31 December 2017 (the 2017 financial year), resulting in a substantial increase in net loss compared to the year of 2016.