The board of directors of Kwan On Holdings Ltd. announced that, based on information currently available to the Board, the Group is expected to record a decrease in profit and total comprehensive income for the year ended March 31, 2015 by approximately 20% as compared to the audited profit and total comprehensive income for the year ended March 31, 2014. The company expects to experience a material adverse change in the financial results for the year ended March 31, 2015 which is attributable to the recognition of non-recurring listing expenses. Listing expenses recognised during the year ended March 31, 2015 amounted to approximately HKD 8.9 million, subject to adjustments upon further review.