Li Bao Ge Group Limited provided group earnings guidance for the first quarter ended March 31, 2017. For the quarter, the group is expected to record a substantial increase in profit attributable to owners of the company as compared with that of the corresponding period in 2016. Such substantial increase was mainly attributable to the Sheung Wan Restaurant and the Beijing House Restaurant, which were opened at the end of October 2015, incurred an aggregate operating loss of approximately HKD 0.4 million for the three months ended 31 March 2016, while they recorded an aggregate operating profit of approximately HKD 1.4 million for the Period upon their operations have been put on track in 2016; the operating profit of the Shenzhen Restaurant was significantly increased for the Period as a result of the increase in revenue which led to the increase in gross profit generated by the Shenzhen Restaurant; and the overall improvement of the Group's gross profit margin for the Period as compared to the corresponding period in 2016.