The board of the directors of the Lai Group Holding Company Limited provided earnings guidance for the period ended 31 December 2017, the Group expected to record a substantial decrease in its net profit as compared to the same corresponding period in 2016. Such decrease was mainly attributable to the increase in staff costs by reason of business expansion; the increase in advertisement expenses to strengthen the sales and marketing efforts as disclosed in section headed ‘Business Objectives and Future Plans - Implementation Plans’ in the company's prospectus dated 31 March 2017; and the increase in professional fees, directors' emoluments and entertainment expenses following the listing of the company.