King Force Group Holdings Limited provided earnings guidance for the three months ended December 31, 2016. The board of directors of the company announced that based on the preliminary review of the unaudited consolidated management accounts of the company for the three months ended December 31, 2016, the group is expected to record a significant increase in operating loss for the reporting period as compared with the same period in 2015. The expected increase in loss was primarily attributable to i) the increase in administrative expenses, including staff costs, property rentals, amortization of intangible assets and depreciation of property, plant and equipment for the three months ended December 31, 2016; and ii) the decrease in the group's gross profit by approximately 10.4% as compared with the same period in 2015 as a result of the increase in staff cost.