The board of directors of AV Concept Holdings Ltd. announced that the consolidated results of the Group for the financial year ended 31 March 2012 is expected to record a net profit considerably lower than that as compared to the financial year ended 31 March 2011. The Board considers that the decrease in net profit for the financial year ended 31 March 2012 was, among other things, primarily attributable to losses on sales of the shares of Accupix Co. Ltd. during the year as compared to the market price recorded as at 31 March 2011.