Convoy Global Holdings Limited provided earnings guidance of the six months ended June 30, 2017. Based on the preliminary review by the company's management on the information, the Group is expected to record a loss for the six months ended 30 June 2017 as compared with the net profit recorded by the Group for the corresponding period in 2016. Such expected significant decrease in the net profit of the Group was primarily attributable to the combined effect of the following factors: the significant decrease of approximately HKD 76.0 million in the fair value of the convertible notes issued by a company listed on the Main Board of the Stock Exchange held by the Group. Such loss will be classified as fair value changes on financial investments at fair value through profit or loss in the unaudited consolidated financial statements of the Group for the six months ended 30 June 2017; a net loss arising from listed financial investments of approximately HKD 21.1 million; and increase in the share option expenses of approximately HKD 44.7 million attributable to the share options granted by the company in December 2016.