Fortunet e-Commerce Group Limited announced that based on the preliminary assessment by the Group's management and the unaudited consolidated management accounts of the Group for the six months ended 30 June 2017, the board of directors of the company announced that the group expects to record a consolidated profit for the six months ended 30 June 2017 as compared to a consolidated loss for the same period in 2016. The expected consolidated profit for the six months ended 30 June 2017 is attributable to, among other things, the: one-off profit of approximately RMB 140 million from the disposal of Chang Feng Holding (Hong Kong) Limited, details of which are set out in the announcements of the Company dated 7 April 2017 and 19 April 2017; gain on changes in fair value of the derivative component of approximately RMB 27 million (subject to finalization) on the secured convertible bonds due 2018 issued by the Company on 3 June 2015; and offset by impairment loss on goodwill of approximately RMB 15 million (subject to finalization) and reversal of deferred tax assets of approximately RMB 17 million (subject to finalization).