Global Token Limited provided Group earnings guidance for the year ended 31 December 2018. For the period, The company expects that the Group will record a significant increase in loss for the Current Year as compared to the loss of approximately HKD 57.6 million for the year ended 31 December 2017. Based on information currently available to the Board, the expected loss for the Current Year was mainly attributable to the accumulated loss on fair value change of the Group's cryptocurrencies for the Current Year as a result of the crypto economy downturn from the second quarter of the Current Year; the research and development of blockchain technology related business resulted in a substantial increase in the Group's administrative and operating expenses during the Current Year; the recognition of an impairment loss arising from the loss allowance on the expected credit losses of the trade receivables, other receivables, deposits and prepayments after adoption of Hong Kong Financial Reporting Standard 9 "Financial Instruments" that has changed the Group's impairment model by replacing the Hong Kong Accounting Standard 39 "incurred loss model" to "expected credit losses model" in the Current Year; the loss on disposal of subsidiaries during the fourth quarter of the Current Year; and the one-off equity-settled share-based payments arising from the grant of share options during the Current Year.