Smartac Group China Holdings Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2017. For the year, the Group is expected to record a net loss for the year ended 31 December 2017 as compared to a net loss of approximately RMB 157.9 million recorded by the Group for the year ended 31 December 2016. Apart from the operating loss incurred for the year ended 31 December 2017, the net loss of the Group was mainly attributed to the combined effect of the following: Impairment loss in the fair value of the Group's intangible assets of approximately RMB 23.8 million and impairment loss on goodwill of approximately RMB 5.7 million of the O2O solutions segment of the Group; and Provision was made to the PRC enterprise income tax arising from acquisition of LCE Group Limited of approximately RMB 5.6 million.