The board of directors of Leap Holdings Group Limited informed the shareholders of the Company and potential investors that after a preliminary review on the Group's unaudited consolidated management accounts for the six months ended September 30, 2016, the Group expects to record a substantial decrease in profit for the six months ended 30 September 2016 as compared to the profit (without taking into account the one-off listing expenses) of the corresponding period in 2015. This is mainly due to keen competition in the market which led to (i) the decrease in revenue generated from the foundation business and (ii) the commencement of several foundation works projects with lower gross profit margin during the period.