Cosmopolitan International Holdings Limited provided earnings guidance for the year ended December 31, 2016. The board of directors of the company informed the holders of the securities of the Company and potential investors that, based on the preliminary review by management of the Company on the unaudited consolidated management accounts of the Group for the year ended 31st December, 2016, it is expected that the net loss of the Group for the year ended 31st December, 2016 will be considerably lower than that recorded by the Group for the preceding year. The expected decrease in the net loss is primarily due to (i) the recognition of a fair value gain attributable to the change in fair value of the subscription options to subscribe for the optional convertible bonds of the Group for the year ended 31st December, 2016, while a fair value loss in respect of such fair value change was recorded for the preceding year; and (ii) an impairment loss on a property under development was recognised for the preceding year.