China Information Technology Development Limited provided earnings guidance for the three months period ended 31 March 2017. The board of directors expected to record a profit of no less than approximately HKD 5 million for the three months ended 31 March 2017 as compared to a loss of approximately HKD 10.5 million incurred for the three months period ended 31 March 2016. The profit was mainly attributable to the unaudited fair value gain on securities investments of approximately HKD 12.6 million.