Forgame Holdings Limited provided earnings guidance for the year ending December 31, 2015. The Company anticipates that a provision for investment and impairment loss in an estimated amount of between approximately RMB 70 million and RMB 80 million will be made for the year ending December 2015. However, if the performance of these investments eventually outperforms the Group's current prediction before the end of 2015, the magnitude of the Expected Investment Loss for the year ending 31 December 2015 could be less.

As to operating results, based on the preliminary assessment of the Group's unaudited consolidated management accounts for the ten months ended October 31, 2015, it is currently expected that the Group may record a net loss (excluding the Expected Investment Loss) of between approximately RMB 40 million and RMB 50 million for the year ending December 31, 2015 (compared to a net loss (excluding investment loss of RMB 5.6 million) of RMB 33.2 million for the year ended December 31, 2014). Based on information currently available to the Company, such expected increase in net loss is primarily due to the expected decrease in the Group's overall revenue as a result of (i) an expected delay in the launching of certain mobile game titles resulting from the additional time required to enhance the quality of the games to maximise the games' revenue potential, (ii) a dispute with a third party collaborator of one of the Group's mobile games and (iii) an expected delay in the licensing/re-licensing of intellectual property rights for gaming adaptation.