AV Concept Holdings Limited provided earnings guidance for the six months ended September 30, 2015. For the six months, the company expected to record a profit of the group as opposed to a loss for the period of HKD 24.5 million in the corresponding period in 2014. Based on the Board's preliminary assessment of the latest unaudited management accounts of the group and the information currently available to the Group, the profit for six months of fiscal year 2015 was mainly attributable to the absence of the loss from discontinued operations of the Group as recorded in six months of fiscal year 2015 and that the Group had recorded an increase of 40% to 50% in share of profits of the joint ventures and associates of the Group as compared to a share of profits of joint ventures of the Group of HKD 52.8 million in six months of fiscal year 2014.

Despite a profit for six months of fiscal year 2015 expected to be recorded, the board further inform the shareholders and potential investors of the company that, the profit from continuing operations for six months of fiscal year 2015 is expected to substantially decrease as compared to the profit from continuing operations of HKD 35.2 million for six months of fiscal year 2014. The decrease was mainly due to a drop of more than 40% of revenue from the semiconductor distribution business segment of the Group as compared to the revenue recorded from the semiconductor distribution business segment of HKD 1,078.6 million for six months of fiscal year 2014, which was mainly due to termination of the semiconductor distribution agreements with Fairchild Semiconductor Hong Kong Limited and Fairchild Semiconductor Asia Pacific Pte Ltd. to distribute semiconductors in the People's Republic of China and Hong Kong and in certain Southeast Asia countries (including Singapore) with effect from April 23, 2015; and a substantial increase in the net other expenses of the Group for six months of fiscal year 2015 as compared to net other expenses of HKD 3.2 million for six months of fiscal year 2014, such increase in net expenses mainly attributable to a loss on disposal of available-for-sale investments and net foreign exchange differences incurred by the subsidiaries of the Company operated in Korea and Singapore due to the decrease of exchange rates in 2015 of Korean Won and Singaporean dollars to United States dollars.