The board of directors of Global Mastermind Capital Limited informed the shareholders of the company and potential investors that, based on the preliminary review on the unaudited consolidated management accounts of the Group for the year ended 31 December 2016 and the existing information, the Group is expected to record an increase in the loss for the year, attributable to owners of the company for the year ended 31 December 2016 as compared to the loss of approximately HKD 64,053,000 for the year ended 31 December 2015. Such expected increase was mainly attributable to the increase in impairment loss recognized in respect of available-for-sale financial assets reclassified from equity to profit or loss, the absence of gain on disposal of subsidiaries as recognized for the year ended 31 December 2015 and the increase in the administrative expenses and other operating expenses which partly offset the decrease in loss arising in change in fair value of financial assets at fair value through profit or loss classified as held for trading investments.