The board of directors of Hua Lien International (Holding) Company Limited announced that, based on the preliminary assessment of the Group's unaudited management accounts for the year ended 31 December 2017 and information currently available to the Board, the Group is expected to record a loss for the year ended 31 December 2017. However, the overall loss is expected to be decreased significantly by approximately 85% as compared with that of the corresponding period in 2016. The Board considered that the decrease in loss for the year ended 31 December 2017 is principally attributable to the decrease in other operating expenses of impairment loss on property, plant and equipment, goodwill, intangible assets and trade receivables; the decrease in exchange loss on borrowings; the decrease of administrative expenses; and the changes in fair value of biological assets.