Larry Jewelry International Company Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2017. The company has expected to record a significant loss attributable to the shareholders of the company for the year ended 31 December 2017. Based on information currently available to the Board, the expected loss for the Current Year was mainly attributable to the effects of: (i) an impairment loss on goodwill and intangible assets due to the carrying amounts of goodwill and intangible assets were higher than their recoverable amounts as at 31 December 2017; (ii) losses on fair value changes of convertible bonds; and (iii) loss on fair value change of warrants.