The board of directors of Walker Group Holdings Limited to inform the shareholders of the company and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the group for the six months ended 30 September 2016, the group is expected to record a significant increase in loss for the six months ended 30 September 2016 as compared to the loss recorded for the corresponding period in 2015. The board believes that the expected losses of the group are mainly attributable to overall decline in sales in Hong Kong and the People's Republic of China resulted from the restructuring in store network and its number and the sluggish consumption in the regions.