The board of directors of Primeview Holdings Limited informed the shareholders of the company and potential investors that, based on its preliminary assessment of the Group's latest unaudited consolidated management accounts for the year ended March 31, 2017, the Group expects to record a net loss for the year ended March 31, 2017 which is less than 50% of the net loss recorded by the Group for the year ended March 31, 2016. The reduction in losses are mainly contributed by the decrease in the Group's selling and distribution expenses for the year ended March 31, 2017 as compared to the year ended March 31, 2016; the decrease in the Group's administrative expenses for the year ended March 31, 2017 as compared to the year ended March 31, 2016; increase in gross profit contributed by a subsidiary acquired during the year ended March 31, 2017.