The board of directors of Winox Holdings Limited informed the shareholders of the company and potential investors that, based on a preliminary review of the management accounts of the group for the year ended 31 December 2016, the group is expected to record a decrease of approximately 40% in its consolidated net profit for the Year as compared to last year of HKD 80.7 million. Such estimated decrease in profit is mainly attributable to the decrease in sales of watch bracelets and costume jewellery.