China Environmental Resources Group Limited provided preliminary group earnings guidance for the period ended December 31, 2017. For the period, the Group is expected to record increase in losses for the period ended December 31, 2017 as compared to the results for the corresponding period in 2016. This is the combined effects of decrease in other income to approximately HKD 2 million; increase in loss from changes in fair value less costs to sell of biological assets to approximately HKD 21 million; loss on settlement of promissory note of approximately HKD 1.1 million; increase in general and administrative expenses to approximately HKD 26.80 million due to launch of recycled metal trading business during the period ended December 31, 2017 and increase in finance costs to approximately HKD 0.44 million during the period ended December 31, 2017.