Goldbond Group Holdings Limited provided group earnings guidance for the year ended March 31, 2017. The group expects to record a significant loss for the year ended 31 March 2017 as compared to profit of approximately HKD 124 million for the previous financial year. Such loss was mainly attributed to share of loss of a joint venture: Rongzhong Group Limited of not less than HKD 820 million as a result of high level of impairment allowances on accounts receivable and advances provided to customers recorded by the Joint Venture for this year.