Further to the profit warning announcement of Alco Holdings Limited dated 16 February 2017 and based on the information currently available to the Board, including the preliminary review of the unaudited consolidated financial information of the Group, the board of directors of the Company announced that the Group is expected to record a decrease in its revenue of approximately 27% and a decrease in its net profit for the year ended 31 March 2017 of more than 85% as compared to that in last financial year. The expected decreases in the revenue and net profit of the Group are mainly attributable to the reasons stated in the Previous Profit Warning Announcement.