Pavillon Holdings Ltd. provided unaudited earnings guidance for the half year ended June 30, 2017. Based on a preliminary review, the Group expects to record a net loss after tax of SGD 0.5 million for first half of 2017, as compared to a net profit after tax of SGD 0.9 million for the corresponding half year ended 30 June 2016. This was mainly due to increase in share of associated company losses of approximately SGD 0.6 million as a result of cessation of online cultural assets trading platform operation of an associated company in Tianjin, PRC (Tianjin Binhai New Area Changjiang Cultural Assets Trading Centre Co. Ltd.).