The board of directors of Global Mastermind Holdings Limited announced that, based on the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2017 and the information currently available, it is expected that the Group will record a loss of not less than HKD 29,000,000 for the nine months ended 30 September 2017, which is lower as compared to the loss of HKD 41,674,000 for the corresponding period in 2016. The decrease in loss is mainly due to the absence of impairment loss on available-for-sale investments in the current period; an increase in interest income derived by money lending business in current period as compared to the corresponding period in 2016; and the net realized gain on securities investment in the current period as compared to a loss of the corresponding period in 2016.