Geotech Holdings Ltd. announced consolidated earnings guidance for the year ended December 31, 2017. Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2017 and the information currently available, the board of directors of the Company wishes to inform the shareholders of the Company and potential investors that it is expected that the net profit for the Period of the Group will record approximately 50% to 55% decrease as compared to the net profit for the year ended 31 December 2016. Such expected decrease is mainly attributable to, among other things, the following reasons: the increase in the Group's non-recurring listing expenses for the Period of approximately 20% to 25% as compared to the non-recurring listing expenses for the year ended 31 December 2016; the revenue derived from projects on hand (including those disclosed in the section headed "Business ­ Projects on Hand" of the Company's prospectus dated 28 September 2017) turned out to be lower than expected by approximately 15% to 20%, due to certain delays in works orders and downward adjustment on contract sum of certain projects undertaken by the Group; and the Group has recorded an increase in professional fees and staff costs since the listing of the Company and up to 31 December 2017. If the effect of the non-recurring listing expenses is excluded for both years ended 31 December 2016 and 2017, it is expected that the net profit for the Period of the Group will record approximately 25% to 30% decrease as compared to the net profit for the year ended 31 December 2016.