Allied Sustainability and Environmental Consultants Group Limited provided unaudited consolidated earnings guidance for the nine months ended December 31, 2016. For the nine months, the company expected loss of approximately HKD 9.1 million for the nine months ended 31 December 2016, as compared to the net profit of approximately HKD 1.4 million for the corresponding period in 2015. In addition to the non-recurring listing expenses in the 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, such loss was mainly attributable to the fact that, inter alia, (i) additional operating costs for team expansion in order to cope with future development; (ii) keen competition in the market resulted in a reduction in the general bidding price offered by competitors which in turn led to a decrease in the gross profit margin of the Group and the number of engagement secured by the Group; and (iii) the entire construction industry suffered from a slowdown unexpectedly. The financial performance of the Group for the year ending 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.