China Ocean Industry Group Limited provided consolidated earnings guidance for the year ended December 31, 2017. For the year, the loss of the group record in its annual results for the year ended 31 December 2017 may be increased, as compared to that of the Group for the year ended 31 December 2016. The possible increased loss was mainly attributable to the estimated price reduction for the ships due to delayed delivery and the corresponding increased contract cost incurred amounted to approximately HKD 190,000,000, the increased impairment loss recognised in respect of goodwill amounted to approximately HKD 30,000,000 and the increased finance costs amounted to approximately HKD 45,000,000 compared with the same for the year ended 31 December 2016.