The board of directors of the Emperor Culture Group Limited to inform shareholders and potential investors of the company that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 31 December 2017 and information currently available to the company, the loss attributable to the owners of the company for the Period is expected to increase substantially as compared with the corresponding period in 2016. Such increase is mainly attributable to the decrease in revenue generated from film and TV programme investment and production business; a fair value loss on the financial assets, as compared to a fair value gain recorded in the corresponding period in 2016; and a non-recurring gain on disposal of associates recorded in the corresponding period in 2016.