Nan Nan Resources Enterprise Limited provided earnings guidance for the year ended March 31, 2017. For the period, the company expected a turnaround of its results by recording a net profit as compared to a loss for the year ended 31 March 2016. which is primarily attributable to the change in fair value of the convertible bond for the year ended 31 March 2017 as stated in the paragraph below; and no impairment loss on intangible assets and property, plant and equipment was recorded by the Group for the year ended 31 March 2017, as compared to the impairment loss on intangible assets and property, plant and equipment in the amount of approximately HKD 12 million for the year ended 31 March 2016.