The board of directors of TPV Technology Limited announced that, based on the preliminary assessment of available information, the Company and its subsidiaries (collectively, the ``Group'') is expected to record a loss attributable to shareholders in the range of USD 50 million to USD 75 million for the year ended 31 December 2017, compared to a profit attributable to shareholders of USD 39 million for the year ended 31 December 2016. Despite the accelerated sales momentum and improved gross profit margin during the peak season, based on the latest impairment assessment, the Group would have to make provisions in the fourth quarter of 2017 for doubtful trade receivables from certain OTT (``over-the-top content'') customers in the PRC market, and goodwill impairment for TV business segment.