Sky Light Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2017. Based on the preliminary assessment of the unaudited consolidated management accounts of the company for the six months ended 30 June 2017, the Group expects to record a loss of over HKD 160 million for the six months ended 30 June 2017 as compared to a profit of approximately HKD 3.8 million for the six months ended 30 June 2016, which was primarily due to: a decease in revenue of over 40% for the six months ended 30 June 2017 as compared to the revenue for the six months ended 30 June 2016; a significant increase of over HKD 75 million in marketing and promotion expenses primarily incurred for ION360 brand for the six months ended 30 June 2017 as compared to the overall marketing and promotion expenses of approximately HKD 16.9 million for the six months ended 30 June 2016; and an increase of over HKD 18 million in research and development costs primarily incurred for new 360 degree cameras under ION360 brand for the six months ended 30 June 2017 as compared to the overall research and development costs of approximately HKD 59.3 million for the six months ended 30 June 2016.