The board of directors of Vincent Medical Holdings Limited informed the shareholders of the company and potential investors that based on the latest review of the group's unaudited consolidated management accounts for the six months ended 30 June 2017 and information currently available to the company, the group is expected to record a significant decrease of about 60% in the profit attributable to owners of the company for the first half of 2017 as compared that for the six months ended 30 June 2016 (without taking into account the one-off listing-related expenses of approximately HKD 17.1 million). The board considers that the significant decline in the net profit is mainly attributable to: the decrease in revenue of about 15% mainly as a result of the drop in orders from two major customers of the group's original equipment manufacturing business; and the increase in administrative expenses of approximately HKD 13 million.