Grand Peace Group Holdings Limited provided earnings guidance for the six months ended June 30, 2017. The Group expects to report a significant increase in loss for the six months ended 30 June 2017 as compared with the results for the corresponding period in 2016. Such expected increase in loss for the Period was mainly attributable to impairment loss recognized on available-for-sale financial assets, the increase in the selling and distribution costs, and the increase in administrative expenses of the Group, including but not limited to, the increase in legal and professional fee, the inclusion of the administrative expenses of the Kowloon Funeral Parlour and the increase in salaries and allowance during the Period.