AV Concept Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2018. The board of directors of AV Concept Holdings Limited informed that based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 March 2018 and the information currently available to the Group, the Group is expected to record a decline in net profit by not less than 40%, as compared to the year ended 31 March 2017. Such drop in profit is mainly attributable to the following factors: increase in the Group's administrative expenses; the fair value loss of the Group's equity investments at fair value through profit or loss during the Relevant Period, as compared to the net gain in fair value of equity investments at fair value through profit or loss for the year ended 31 March 2017; the non-recurring gain on deemed disposal of an associate arising from the successful listing of Me2on Co. Ltd. ("Me2on") on the Korea Securities Dealers Automated Quotations of the Korean Exchange was recognised during the year ended 31 March 2017, but no such non-recurring gain was recognised during the Relevant Period. However, its negative impact was offset by the fact that the Group had disposed of all of its equity interests in Me2on during the Relevant Period, resulting in a significant gain on disposal of available-for-sale investment; and decrease in the share of profits and losses of joint ventures and associates during the Relevant Period as compared with that for the year ended 31 March 2017.