Pearl Oriental Oil Limited provided consolidated earnings guidance for the six months ended June 30, 2017. The board of directors of the company, based on the preliminary review of the unaudited consolidated management accounts of the group for the six months ended 30 June 2017, the group is expected to record a net loss of not less than approximately HKD 200,000,000 for the six months ended 30 June 2017 as compared with the net loss of approximately HKD 5,122,000 for the six months ended 30 June 2016. Such change would be mainly due to the impairment loss on carrying amount of the group's intangible assets.