Dragonite International Limited provided earnings guidance for the year ended December 31, 2016. For the year, the Group is expected to record a substantial consolidated net loss for the year as compared with the consolidated net profit of approximately HKD 33.4 million for the previous financial year ended 31 December 2015. The loss incurred for the Year was mainly attributable to the impairment losses on unlisted available-for-sale investments and the disposal of subsidiaries as the present Board had decided to sell those loss making investments and to reallocate the Group's financial resources for other investment opportunities.