Dragon Crown Group Holdings Limited reported Group earnings guidance for the year ended December 31, 2017. For the year, the Group is expected that it will record a decrease in net profit by approximately 30% as compared to the year ended 31 December 2016. Based on the relevant information currently available to the Board, the Board considers such expected decrease in net profit for the year ended 31 December 2017 is mainly attributable to, among other things, (i) the decrease in gross profit resulting from the decrease in the Group's revenue; (ii) the significant increase in tax expenses due to the expiry of the preferential tax treatment with 50% deduction in the corporate income tax of the Company's major subsidiary in mainland China since 1 January 2017; and (iii) the share of loss from the joint venture in Weifang which only commenced formal operation in the fourth quarter of 2017 and was under construction for the rest of 2017 prior to that.