AV Concept : Profit Warning

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)

This announcement is made by AV Concept Holdings Limited ("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 of the Laws of Hong Kong).
The board ("Board") of directors of the Company wishes to inform the shareholders of the Company and potential investors that based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 March 2015 and the information currently available to the Group, the Company is expected to record a loss for the year ended 31 March 2015 which is higher than the loss of approximately HK$6.3 million for the previous financial year.
It is expected that such increase in the loss for the year ended 31 March 2015 was primarily attributable to the loss from continuing operations of the Group of approximately HK$1.3 million for the year ended 31 March 2015 as opposed to a profit from continuing operations of the Group of approximately HK$53.9 million for the year ended 31 March 2014, and such loss from continuing operations of the Group for the year ended 31 March 2015 was mainly attributable to increase in the loss in fair value on equity investments from approximately HK$21.7 million for the year ended 31 March 2014 to approximately HK$49.7 million for the year ended 31 March 2015, and that the Group recorded a one-off gain on disposal of items of property, plant and equipment of approximately HK$55.6 million during the year ended 31 March 2014.
The Company is still in the process of finalising the audited consolidated financial results of the Group for the year ended 31 March 2015. The information contained in this announcement is only based on the preliminary assessment made by the Board with reference to the unaudited consolidated management accounts of the Group and information currently available to the Board, which have not yet been audited nor reviewed by the auditors of the Company and may be subject to adjustment. Shareholders of the Company and potential investors are advised to read the finalised annual results of the Group which will be disclosed in the annual results announcement to be published by the Company for the year ended 31 March 2015.

- 1 -

On behalf of the Board

Hong Kong, 4 June 2015

As at the date of this announcement, the Board comprises three executive Directors, Dr. 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.

- 2 -

distributed by