The board of directors of EverChina Int'l Holdings Company Limited announced that based on the preliminary review the Group is expected to record a loss for the year ended 31 March 2018 as compared to the profit for the year ended 31 March 2017. The anticipated turnaround to loss is mainly attributable to, including but not limited to, recognition of loss arising on the change in financial assets at fair value through profit or loss as compared to the profit of HKD 223,176,000 for the same period of last year; payment of the PRC Enterprise Income Tax of approximately RMB 88,530,000 (equivalent to approximately HKD 109,296,000) after tax examination by the Tianjin Tax Bureau and recognition of a provision of overdue fine charged by the Tianjin Tax Bureau of RMB 53,910,000 (equivalent to approximately HKD 66,556,000); and an increase in provision for impairment of trade and other receivables and prepayments.