AV Concept Holdings Limited provided earnings guidance for the six months ended 30 September 2017. The board of directors of the Company announced that based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group and the information currently available to the Group, the Group is expected to record a decline of approximately 40% to 50% in the net profit of the Group for the six months ended 30 September 2017 (the "Relevant Period") as compared with that for the same period last year. The net profit of the Group for the same period last year amounted to approximately HKD 119.9 million. The Board is of the view that such decrease in the results is mainly attributable to the fair value loss of the Group's equity investments at fair value through profit or loss and no disposal of equity investments at fair value through profit or loss during the Relevant Period, as compared to a significant net gain in fair value of equity investments at fair value through profit or loss for the six months ended 30 September 2016.