Hongkong Chinese Limited provided unaudited earnings guidance for the Year Ended December 31, 2016. For the year, the company expected loss from the joint venture of not less than HKD 10 million for the year ending 31st March, 2017 (the "Current Year"), as compared to a share of profit of approximately HKD 124 million for the six months ended 30th September, 2016 (the "Interim Period"). The change was mainly attributable to the net fair value loss on the joint venture's investment properties, partially offset by profit from disposal and reversal of impairment loss of its development properties and fair value gain from its investments designated at fair value through profit or loss. The company recorded a share of loss from this joint venture of approximately HKD 281 million (restated to include a retrospective adjustment regarding a share of gain from a bargain purchase upon completion of the purchase price allocation review) for the year ended 31st March, 2016. The net profit attributable to the equity holders of the company for the Interim Period was approximately HKD 186 million and the company expects to announce its consolidated final results for the Current Year in late June 2017.