Fortunet e-Commerce Group Limited provided earnings guidance for the year ended December 31, 2017. The company expects to record a decrease in its net loss for the year ended 31 December 2017 of more than 15% as compared to that for the year ended 31 December 2016 of RMB 240 million. Such expected decrease in net loss is primarily attributable to, among other things, the: one-off profit of RMB 141 million from the disposal of Chang Feng Holding (Hong Kong) Limited, details of which are set out in the announcements of the Company dated 7 April 2017 and 19 April 2017; gain on changes in fair value of the derivative component of approximately RMB 32 million (subject to finalisation) on the secured convertible bonds issued by the Company; and offset by impairment losses of goodwill and intangible assets of RMB 74 million, reversal of deferred tax assets of RMB 50 million and the increase in research & development costs of approximately RMB 1 million.