Global Mastermind Holdings Limited expected that the Group will record a loss of not less than HKD 4,300,000 for the three months ended 31 March 2017, which is lower as compared to the loss of HKD 22,461,000 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 and an estimated gain on change in fair value of financial assets at fair value through profit or loss in the current period as compared to a loss of the corresponding period in 2016.