E151132679Ann.indd

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ALLAN INTERNATIONAL HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 684)


PROFIT WARNING

This announcement is made by Allan International Holdings Limited (the 'Company', together with its subsidiaries, the 'Group') pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ('Listing Rules') and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 Laws of Hong Kong) (the 'SFO').


The board of directors (the 'Board') wishes to inform the shareholders of the Company and potential investors that, based on information currently available to the Board, the Group is expected to record a significant decline in net profit for the six months ended 30 September 2015 as compared with the corresponding period last year.


The expected significant decline in net profit is mainly attributed to:


  1. Decrease in turnover due to weakened global market demand; and


  2. Decrease in gross margin due to increase in operating costs, especially labour costs in the mainland China; and


  3. A revaluation gain of approximately HK$20 million from an investment property in Hong Kong was recorded in the accounts of the Group for the six months ended 30 September 2014, whereas there is no revaluation gain recorded in the accounts for the six months ended 30 September 2015.


Despite the expected significant decline in net profit, the Board considers that the overall operation and financial position of the Group remain sound and healthy and the Board remains positive on the long term prospects of the Group.

The information contained in this announcement is only a preliminary assessment by the Board based on the consolidated management accounts of the Group for the six months ended 30 September 2015, which have neither been confirmed nor audited by the auditors of the Company. The Group is still in the course of finalizing its accounts which are subject to further review and assessment by the Board. Further details of the Group's financial results and performance will be disclosed in the Company's interim results announcement to be published by the end of November 2015.


Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.


By Order of the Board

Allan International Holdings Limited Cheung Lai See, Sophie

Director


Hong Kong, 4 November 2015


As at the date of this announcement, the Executive Directors are Mr. Cheung Lun (Chairman), Mr. Cheung Shu Wan (Managing Director), Ms. Cheung Lai Chun, Maggie, Ms. Cheung Lai See, Sophie and Mr. Cheung Pui. The Independent Non-Executive Directors are Dr. Chan How Chun, Mr. Lai Ah Ming, Leon and Professor Lo Chung Mau.

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