The board of directors of First China Financial Network Holdings Limited informed the shareholders of the company and potential investors that the Group is expected to record an estimated loss of around HKD 249.4 million for the year ended 31 December 2016, as compared with the loss of approximately HKD 61.0 million for the year ended 31 December 2015. The increase in loss was mainly attributable to, among others, the increased impairment loss of intangible assets in the amount of approximately HKD 122.7 million in the reporting period when compared with that of approximately HKD 93.2 million in the corresponding period; the increased realized and unrealized losses on the Group's proprietary trading of securities of approximately HKD 101.8 million in the reporting period when compared with that of approximately HKD 28.3 million in the corresponding period; the decreased trading gain on precious metals and commission income from brokerage services in precious metals in the People's Republic of China of approximately HKD 1.5 million in aggregate in the Reporting Period when compared with that of approximately HKD 19.5 million in aggregate in the corresponding period; and the lack of consultancy fee income from Shenzhen Qianhai First China International Commodities Exchange Centre Limited in the Reporting Period when compared with that of approximately HKD 19.9 million in the corresponding period and share of loss from SQFC of approximately HKD 8.9 million in the reporting period when compared with the share of profit of approximately HKD 37.6 million in the corresponding period.