Ruixin International Holdings Limited provided group earnings guidance for the year ended December 31, 2017. The group is expected to report an estimated loss of around HKD 44.0 million for the year ended 31 December 2017 as compared with the loss of approximately HKD 66.7 million for the year ended 31 December 2016. The reduction in loss was mainly due to, among others, the decrease in operating loss in the reporting period; and the recognition of tax expenses 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. The decrease in operating loss in the Reporting Period was mainly due to the reduction in loss from the electronic products business as a result of, among others, the increase in revenue and cost control measures.