Viva China Holdings Limited provided earnings guidance for the first quarter ended March 31, 2018. The board of directors of the company informed the shareholders of the company, based on preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2018 and the currently available information, the Group is expected to record a profit attributable to the equity shareholders of the Company of approximately HKD 30 million to HKD 40 million for 2018 First Quarter as compared to a loss of HKD 103.9 million for the corresponding period in 2017. The anticipated turnaround is primarily attributable to (i) the significant improvement in revenue and gross profit for 2018 First Quarter as compared to the corresponding period in 2017; (ii) the expected improvement in sharing of the results of an associate of the Company, Li Ning Company Limited ("LNC"). In the corresponding period in 2017, the Group recorded loss of HKD 67.7 million on deemed partial disposal of interests in LNC as a result of dilution of the Group's equity interests in LNC following conversion of the convertible bonds of LNC by holder of such bonds in February 2017; and (iii) the decrease in administrative and other operating expenses during 2018 First Quarter, including a decrease of the non-cash share option expense by approximately HKD 28.4 million for 2018 First Quarter as compared to the corresponding period in 2017.