Sheen Tai Holdings Group Company Limited provided consolidated earnings guidance for the year ended December 31, 2017. The board of directors of the company announced that, based on the company's preliminary review of the latest unaudited consolidated management accounts of the Group and the information currently available to the company, the Group expects to record a substantial decrease in its consolidated net profit or may even record a loss for the year ended December 31, 2017 as compared with the audited net profit of HKD 36,132,000 recorded for the corresponding period of 2016. The Board believes that the substantial decrease in its consolidated net profit or even record a loss is mainly attributable to, including but not limited to, the amount of impairment losses for the goodwill and assets of the subsidiaries of the company which mainly engage in the cloud-related business.