The board of directors of Golden Resources Development International Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group, it is expected that the Group may record a net profit after tax for the year ended 31 March 2017, as compared to a net loss for last financial year. Based on the information currently available, the Board considers that the turnaround from loss to profit is mainly attributable to as mentioned in previous announcement dated 9 November 2016, the global financial markets continued to improve in this financial year, and resulted in an aggregate net unrealized and realized profit on financial assets at fair value through profit or loss and derivative financial instruments of approximately HKD 24 million (2016: a loss of approximately HKD 58 million); and the absence of impairment loss on available-for-sale investments of approximately HKD 55 million made in last financial year, arising from the default of repayments by the investment funds in China.