The board of directors of Fresh Express Delivery Holdings Group Co., Limited announced that, based on the preliminary assessment of the information currently available to the Board, both the revenue and the Group's profit attributable to owners of the company for the six months period ended 30 September 2017 are expected to record significant declines as compared to the corresponding period in 2016. The expected decline in the net profit attributable to owners of the company for the current period was mainly due to the following factors: due to the strategic adjustment of the Group in focusing on the development of small and medium-sized clients, and gradually reducing reliance on the sales to a few major customers, the Group's total sales revenue decreased over the Current Period, but the customer structure has been greatly improved; the sales channel of Group has been shifting from offline to online which needs more information technology background support and thus there was an increase of the staffing expenses of the Group's information technology department; and due to the Group ' s major property, plant and equipment were purchased during the corresponding period, the depreciation expense was provided from the purchase date to the period ended 30 September 2016 (approximately 3 months). The depreciation expense increased significantly by providing full depreciation expense (6 months) for the Current Period.