Victory City International Holdings Limited announced that based on the preliminary assessment of the unaudited consolidated management accounts of the group for the six months ended September 30, 2012, the board of directors of the company and potential investors that the group's profit attributable to owners of the company for the six months ended September 30, 2012 is presently anticipated to have a significant drop as compared to that for the six months ended September 30, 2011. Such decrease in the profit attributable to owners of the company is mainly attributable to (i) the fair value of an estimate amount of approximately HKD 28.3 million in relation to the share options granted by the company under its share option scheme on April 2, 2012, as disclosed in the annual report of the company for the year ended March 31, 2012, to be recognized in the group's condensed consolidated statement of comprehensive income for the six months ended September 30, 2012; and (ii) the fact that the group completed its acquisition of the entire interest in Global Honour Investments Limited on July 29, 2011 and an one-off gain on bargain purchase of acquisition of subsidiaries of approximately HKD 85.0 million was recorded in the group's condensed consolidated statement of comprehensive income for the six months ended September 30, 2011, such amount is non-recurring in nature and will not be booked in the group's condensed consolidated statement of
comprehensive income for the six months ended September 30, 2012.