Starlight Culture Entertainment Group Limited provided earnings guidance for the year ended December 31, 2017. For the year, the group is expected to record a significant increase in loss of approximately HKD 201 million for the year ended 31 December 2017 as compared to the loss for the year ended 31 December 2016. The Board considers that such increase in loss was mainly attributable to: the gross loss of approximately HKD 3 million recognized during the year of 2017 as compared to gross profit of approximately HKD 77 million recognized in the year of 2016; the decrease in impairment losses of approximately HKD 77 million; the loss on change in fair value of derivative financial liabilities of approximately HKD 30 million recognized during the year of 2017 as compared to a gain of approximately HKD 89 million recognized in the year of 2016 in relation to the convertible bonds issued by the company; and an increase of approximately HKD 72 million in the Group's operating expenses for the year ended 31 December 2017 as a result of the exploration and development of the media and culture business.