The board of directors of Heng Tai Consumables Group Limited announced that, based on information currently available, the unaudited consolidated financial results of the group for the six months ended 31 December 2017 are expected to record a decrease in revenue and an increase in loss as compared to the corresponding financial period of the previous year for the following reasons: the continuous decrease in the revenue due to weakening demand for and continuous competition from domestic brands against the consumables goods and agri-products which the group are trading; following the disposal of the Zhongshan logistics complex, which was completed in late June 2017, the transfer of the existing customers and business of the Zhongshan logistics complex to the newly leased processing and storage plant in Zhongshan and the Huidong logistics centre of the group have been taking more time and effort than expected; the additional selling and distribution expenses and administrative expenses mainly due to those new businesses (i.e. Moon Concept Limited and Sino Wealth Securities Limited) acquired in 2017; and the loss of the discontinued business carried out by Moon Concept Limited, which was disposed by the group in December 2017.