E141111930Ann.indd

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.



(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 595)

PROFIT WARNING

This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).
The Board wishes to inform shareholders of the Company and potential investors that based on preliminary assessment of the unaudited consolidated management accounts of the Company for the six months ended 30 September 2014, the Group is expected to record a net loss for the six months ended 30 September 2014 as compared with the net profit of approximately HK$20.3 million for the six months ended 30 September 2013. The factors leading to such net loss are further described below.

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


This announcement is made by AV Concept Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).
The board of directors (the "Board") of the Company wishes to inform shareholders of the Company and potential investors that based on preliminary assessment of the unaudited consolidated management accounts of the Company for the six months ended 30 September 2014, the Group is expected to record a net loss for the six months ended 30 September 2014 as compared with the net profit of approximately HK$20.3 million for the six months ended 30 September 2013.

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The net loss was mainly attributable to (i) the loss on disposal of discontinued operations of approximately HK$47.2 million recorded during the six months ended 30 September 2014; and (ii) mark to market loss of certain securities investments, a net realized and unrealized loss of approximately HK$29.8 million for the six months ended 30 September 2014 as compared with the net realized and unrealized gain of HK$5.8 million for the six months ended 30 September 2013.
The Group is still in the process of finalizing the interim results for the six months ended 30
September 2014, the information contained in this announcement is only based on the unaudited consolidated management accounts of the Company for the six months ended 30 September
2014 and is not based on any figures or information which have been audited or reviewed by the Company's auditors or reviewed by the audit committee of the Company. The interim results of the Group for the six months ended 30 September 2014 are expected to be published on or about 27
November 2014.

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

AV Concept Holdings Limited So Yuk Kwan Chairman

Hong Kong, 20 November 2014

As at the date of this announcement, the Board comprises three executive directors, Dr. Hon. So Yuk Kwan (Chairman), Mr. So Chi On and Mr. Ho Choi Yan Christopher and three independent non-executive directors, Dr. Lui Ming Wah, SBS, JP, Mr. Charles E. Chapman and Mr. Wong Ka Kit.

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