China Soft Power Technology Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2017. Based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2017, the board of directors of the company informed the shareholders of the company and potential investors that the Group expects to record a significant decrease in its net loss for the year ended 31 March 2017 of more than 90% as compared to that for the year ended 31 March 2016. Such expected decrease in net loss is primarily attributable to, among other things, significant less impairment loss of available-for-sale equity investments and realized losses on short term equity investments as at 31 March 2017 than as at 31 March 2016. For the year ended 31 March 2017, the Group recorded realized losses on disposal of short term and long term equity investments of approximately HKD 108 million.