Luxey International (Holdings) Limited provided earnings guidance for the nine months ended 31 March 2017. For the period, the board of Directors of Luxey International (Holdings) Limited announced that it is expected that the results of the company and its subsidiaries for the nine months ended 31 March 2017 will record a more substantial loss as compared to the same period in 2016. Based on the information currently available, the Board believes that such loss would be mainly attributable to the substantial drop in profit margin of products and the estimated impairment of goodwill pertaining to Ricotex Industrial Company Limited, which is principally engaged in manufacturing and trading of swimwear and garment products in Cambodia, of approximately HKD 22,000,000. The reason for the impairment of goodwill of Ricotex was mainly due to its unsatisfactory performance and the uncertainties arising from its possible restructuring.