Sino Credit Holdings Limited provided earnings guidance for the nine months ended 31 December 2016. The Group is expected to record a loss attributable to the owners of the company in the range of RMB 30,000,000 to RMB 35,000,000 for the nine months ended 31 December 2016, compared to a profit attributable to the owners of the Company of approximately RMB 2,393,000 for the twelve months ended 31 March 2016. The expected loss for the nine months ended 31 December 2016 is primarily due to (1) the realised net loss of approximately RMB 5,432,000 arising from the disposal of the Group's investment in listed securities; (2) the provision for impairment loss on the Group's intangible assets (such as the Company's pawn shop licenses) and goodwil of approximately RMB 10,353,000 and (3) the provision for impairment loss on loans receivable from the Company's financing services of approximately RMB 18,775,000.