International Elite Ltd. provided unaudited consolidated earnings guidance for the year ended December 31, 2017. The board of directors informed the shareholders of the company and potential investors that based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2017 and information currently available to the Board, the Group expects to record a significant increase in loss for the year ended 31 December 2017 as compared to a loss for the year ended 31 December 2016. To the best of the Directors' knowledge, the expected significant increase in loss for the year ended 31 December 2017 was mainly attributable to a number of factors as below: the increase in costs; the provisions for slow moving inventories of the RF-SIM business; and the loss of Global Link Communications Holdings Limited being consolidated to the results of the Group.