China Demeter Financial Investments Limited provided unaudited earnings guidance for the first quarter ended March 31, 2017. The board of directors of the company announced that, the company is expected to record a loss for the three months ended 31 March 2017 when compared with the profit of approximately HKD 2.5 million for the three months ended 31 March 2016. The expected loss was mainly attributable to: the loss in fair value of financial assets through profit or loss of approximately HKD 4.4 million when compared with the gain in fair value of financial assets through profit or loss of approximately HKD 3.9 million last year, as a result of the volatile stock market in Hong Kong during first quarter of 2017. Such financial assets through profit or loss are mainly composed of listed equity securities in Hong Kong whose fair values are determined with reference to the quoted market prices in the market; and a decrease in profit or may even record a loss from the agricultural business of the Group when compared with a profit last year. The decrease in profit was partly offset by the profits recorded by the Group's new financial services business which was acquired in September 2016 and gain on disposal of the entire interest in a non-wholly-owned subsidiary of the company which was completed in March 2017.