Suncity Group Holdings Limited provides unaudited consolidated earnings guidance for six months ended June 30, 2017. The Group is expected to record a significant increase in its loss attributable to owners of the company for the six months ended 30 June 2017 as compared with the loss for the corresponding period in 2016. The anticipated significant increase in loss is mainly attributable to, including but not limited to, (i) a loss on change in fair value of derivative component of the convertible bonds of approximately RMB 697.7 million; (ii) loss arising from and provision for litigations against two indirect wholly-owned subsidiaries of the company established in the People's Republic of China in the aggregate amount of approximately RMB 411.8 million; (iii) an increase in income tax expense by approximately RMB 99.0 million; and (iv) a gain from the reversal of impairment loss on trade and other receivables of approximately RMB 150 million.