The board of directors of KPM Holding Limited informed the shareholders of the company and the potential investors that, based on the information currently available to the Board, the Group is expected to record a net loss for the year ended 31 December 2017, as compared with a net profit of approximately SGD 1,070,000 recorded for the year ended 31 December 2016. Such loss was primarily attributable to the impairment loss of available-for-sale investments of approximately SGD 1,027,000 and loss on disposal of available-for-sale investments of approximately SGD 384,000.