Lafe Corporation Limited provided earnings guidance for the full year ended December 31, 2016. The Group is expected to report a substantial loss for the entire financial year ended 31 December 2016 as compared to the reported results for the nine months ended 30 September 2016 mainly due to the requirement for: impairment provision for the trademark based on its fair value valuation at the year-end date; and additional provision for rental guarantee obligations based on management's assessment at the year-end date.