Sheen Tai Holdings Group Company Limited provided group earnings guidance for the six months ended June 30, 2017. Based on the company's preliminary review of the latest unaudited consolidated management accounts of the group and the information currently available to the company, the group expects to record a consolidated net loss for the six months ended 30 June 2017 as compared with the profit of HKD 63,000 recorded for the corresponding period of 2016. The reason for turning from profit position to loss position was mainly due to the non-cash accounting treatment of decrease in fair values of convertible bonds issued by the company of approximately HKD 12.8 million for the six months ended 30 June 2017. The decrease in fair values changes is a non-cash accounting treatment and has no material impact on the group's cash flow nor operations.