Zheng Li Holdings Limited provided group earnings guidance for the three months ended 30 September 2017. The group is expected to record a loss for the three months ended 30 September 2017. This was mainly attributable to (i) the increase in marketing and advertising expense and rental expense primarily in relation to the launch and operation of MBM Autocity; the increase in employee benefits expense (including directors' fees) as a result of (a) the new appointment of two executive Directors in 2017 and independent non-executive Directors during the listing of the shares of the Company on the GEM, which were not applicable for the three months ended 30 September 2016, (b) increase in employee headcount along with the Group's expansion and (c) salary increments for existing employees. Furthermore, the Group's revenue decreased slightly due to lesser modification and tuning services for the three months ended 30 September 2017.