Ruixin International Holdings Limited provided earnings guidance for the six months ended June 30, 2017. For the period, the company estimated loss of around HKD 28.5 million for the six months ended 30 June 2017 (the reporting period) as compared with the loss of approximately HKD 43.1 million for the six months ended 30 June 2016. The reduction in loss was mainly due to the recognition of tax expenses of approximately HKD 16.6 million in relation to the Hong Kong Inland Revenue Department enquiries of the Hong Kong Profits Tax of a subsidiary of the company in respect of the years of assessment 2006/07 to 2014/15 in the corresponding period but not in the Reporting Period.