Glory Flame Holdings Limited provided earnings guidance for the nine months ended September 30, 2016. The board of directors of the company informed the shareholders of the company and potential investors that, based on information currently available to the Board, the Group is expected to record a net loss of approximately HKD 32,000,000 for the nine months ended September 30, 2016 as compared with the net profit of approximately HKD 9,000,000 for the nine months ended September 30, 2015. Such net loss was mainly due to the combined effect of the following factors: the share-based payment expenses of approximately HKD 11,000,000 related to the grant of share options during the nine months ended September 30, 2016 and the fact that no share options was granted and the absence of share-based payment expenses during the nine months ended September 30, 2015; the fair value loss on financial assets at fair value through profit or loss of approximately HKD 11,000,000; and the increase in the administrative expenses, including staff costs and Directors' remuneration.