Sky Light Holdings Limited provided earnings guidance for the year ended December 31, 2017. The company informed the shareholders of the Company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the company for the year ended 31 December 2017 currently available to the Board, the Group expects to record a loss of over HKD 447 million for the year ended 31 December 2017 as compared to a profit of approximately HKD 53.7 million for the year ended 31 December 2016, which was primarily due to: a decrease in revenue of approximately 45% for the year ended 31 December 2017 as compared to the revenue for the year ended 31 December 2016; an increase of approximately HKD 10 million in share based payments expenses incurred for retaining employees; a significant loss of over HKD 369 million incurred for the Group's own brand business, which mainly included: (i) approximately HKD 97 million in marketing and promotion expenses; (ii) approximately HKD 96 million in research and development costs; (iii) approximately HKD 62 million in general administrative costs and other operational costs; and (iv) over HKD 114 million in impairment loss for goodwill, intangible assets and other assets; and an increase of over HKD 27 million in impairment loss arising from certain long term investments.