TCL Display Technology Holdings Limited provided consolidated earnings guidance for the months ended December 31, 2015. For the period, the group expected to record a substantial decrease in net profit for the eighteen months ended 31 December 2015 as compared to the twelve months ended 30 June 2014(Note). Based on the information currently available, the expected substantial decrease in net profit for the eighteen months ended 31 December 2015 is mainly due to (i) the incurrence of the one-off listing expenses as detailed in the 2015 interim report of the Company for the twelve months ended 30 June 2015; and (ii) the fierce competition in the LCD module market which resulted in lower selling price of the LCD module products and lower gross profit margin as compared to the twelve months ended 30 June 2014.