Vision Fame International Holding Limited provided consolidated earnings guidance for the six months ended September 30, 2017. For the period, the group will record a net loss for the six months ended 30 September 2017 as compared to the net profit for the six months ended 30 September 2016. Such loss was mainly due to the factors: the increase in the consultancy and research fee paid for and the depreciation of plant and machinery used in the development of the graphene downstream applications during the Relevant Period; the fluctuation in the currency Renminbi for which the Group recorded realised and unrealised gain of HKD 5,372,000 as it depreciated against Hong Kong Dollar during the six months ended 30 September 2016, but realised and unrealised loss of HKD 522,000 as the RMB appreciated against HKD in the Relevant Period; and the recognition of an impairment loss of HKD 3,383,000 on the investment in unlisted equity investments (represented a joint venture company established in the People's Republic of China and classified as available for sales investment carried at cost), due to the termination of the cooperation between the Group and the other investors in the development of graphene downstream applications in the joint venture company.