The board of directors of Allied Sustainability and Environmental Consultants Group Limited informed the shareholders of the Company (the Shareholders) and potential investors that, based on a preliminary review and assessment of the information currently available to the Board, including the Groups unaudited management accounts for the year ended 31 March 2017, the Group is expected to record a loss after tax of approximately HKD 5.9 million for the year ended 31 March 2017, as compared to a profit after tax of approximately HKD 5.4 million for the corresponding period in 2016. Such loss was mainly attributable to the non-recurring listing expenses in an aggregate sum of approximately HKD 12.5 million incurred by the Group in relation to the listing of the shares of the Company (the Shares) on GEM and, among other things, (i) incurrence of additional administrative expenses so as to cope with future development of the Group; and (ii) increase in direct labour costs for team expansion in order to strengthen the Groups ability to secure bids and extend its scope of services. The financial performance of the Group for the year ended 31 March 2017 would be materially and adversely affected by the aforesaid reasons, and may or may not be comparable to the financial performance of the Group in the past.