Kingbo Strike Limited provided earnings guidance for the six months ended December 31, 2017. For the period, the group is expected to record a significant increase in the net loss of the Group in the amount of not less than SGD 2.2 million, as compared to the net loss of the Group for the corresponding period in 2016 in the amount of SGD 171,580. The Board believes that the substantial increase in the net loss of the Group for the six months ended 31 December 2017 was mainly attributable to: fair value loss on held for trading investments of approximately SGD 2.6 million; and recognition of fair value gain amounting to approximately SGD 2.1 million on profit guarantee receivable for the six months ended 31 December 2016, which is non-recurring in the current period of six months ended 31 December 2017.