The board of directors of the Global Mastermind Holdings Limited and its potential investors that, based on the draft and its potential investors that, based on the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2017 and the information currently available, it is expected that the Group will record a loss of not less than HKD 28,000,000 for the year ended 31 December 2017, which is lower as compared to the loss of HKD 55,792,000 for the corresponding period in 2016. The decrease in loss is mainly due to (i) the absence of impairment loss on available-for-sale investments and interest in a joint venture in the current period; (ii) an increase in interest income derived by money lending business in current period as compared to the corresponding period in 2016; (iii) the net realized gain on securities investment in the current period as compared to a net realized loss of the corresponding period in 2016; and (iv) the increase in net unrealized gain on securities investment as compared to the corresponding period in 2016.