Creative China Holdings Limited provided earnings guidance for the year ended December 31, 2017. The board of directors of the company announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended December 31, 2017 and the information currently available to the Board, the Group expects to record a significant increase in loss for the year ended December 31, 2017 as compared to the loss for the year ended December 31, 2016 and a further deterioration from the loss recorded during the third quarterly period of 2017. The main reasons of the increase in loss is similar to the reasons for the recorded loss during the third quarterly period: the decrease in turnover because certain customers had reduced the cooperation’s in program production with the Group; the mobile live broadcasting and e-commerce business, which continues to face a challenging outlook and requires continual deployment of resources to develop new contents to attract users and therefore the Group incurred higher content production costs, network operating costs and marketing expenses; and the Group incurred more cost on marketing and customer supporting services to stimulate the development and increase the market share of entertainment contents on demand system business.