The board of directors of Jia Meng Holdings Limited informed shareholders of the Company and potential investors that based on the preliminary assessment of the unaudited management accounts of the major subsidiaries of the Group for the nine months ended 31 December 2017, the Group is expected to record a net loss attributable to equity holder of the Company recorded for the nine months ended 31 December 2017 as compared to the net profit of HKD 159,722,000 of the corresponding period of 2016, which is mainly attributable to realized fair value loss of held for-trading investment in the shares of Luen Wong Group Holdings Limited.