Aurum Pacific (China) Group Limited provided earnings guidance for the three months ended March 31, 2017. For the period, the group is expected to record a substantial increase in the unaudited consolidated net loss compared with the unaudited consolidated net loss for the three months ended 31 March 2016. The expected increase in the unaudited consolidated net loss was mainly attributable to: the recognition of estimated changes in fair value of consideration payable for business combination of approximately HKD 2.5 million relating to the acquisition of 60% equity interest of First Surplus Investments Ltd. and its subsidiaries completed on 25 October 2016; the recognition of estimated changes in fair value of contingent consideration assets for business combination of approximately HKD 1.5 million relating to the acquisition of FS Group completed on 25 October 2016; an increase of research and development expenses of approximately HKD 1.7 million due to expansion into the mobile game business by the acquisition of FS Group completed on 25 October 2016; and an increase in administrative expenses, comprising mainly amortization of the intangible assets of approximately HKD 5 million and depreciation of property, plant and equipment of approximately HKD 1.3 million.