The board of directors of the APAC Resources Limited informed the shareholders of the and potential investors of the company that based on the preliminary review of the unaudited consolidated management accounts of the company and its subsidiaries for the year ended 30 June 2018. The annual results of the Group for the 2018 Year are expected to record a profit attributable to the shareholders between HKD 240 million and HKD 400 million as compared to the profit attributable to the Shareholders of approximately HKD 549 million for the year ended 30 June 2017. The reduction in profit attributable to the shareholders for the 2018 Year is mainly attributable to the non-recurrence of the gain on partial disposal of the Group's investments in Metals X Limited and Westgold Resources Limited; and the upward adjustment to the carrying amount of loans receivable recorded in the 2017 Year.