Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(incorporated in Bermuda with limited liability)

(stock code: 927)

PROFIT WARNING

This announcement is made by Fujikon Industrial Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

As disclosed in the interim report of the Company for the six months ended 30 September 2016, the past financial period has remained challenging for the Group as it continued to be affected by a lacklustre global economy and intense competition within the electro-acoustic industry.

The board of the directors of the Company (the "Board") wishes to inform the shareholders of the Company and potential investors that, based on the unaudited consolidated results of the Group for the eight months ended 30 November 2016 and the Board's assessment on the current market condition for the following four months, the Group may record a net loss for the year ending 31 March 2017 as compared to the net profit recorded for the year ended 31 March 2016. The material decline in the financial performance of the Group was mainly due to a drop in the overall gross profit margin, which was a result of, among others, the (i) change in the combination of the products sold;

(ii) significant drop in handling income, which includes service fees and sale of moulds; and (iii) increase in cost of sales, mainly resulting from increase in the provision for obsolete stock.

The information contained in this announcement is only based on the Board's preliminary assessment after reviewing the unaudited consolidated management accounts of the Group for the eight months ended 30 November 2016 and the Board's assessment for the remaining four months up to 31 March 2017. The Group's annual results are subject to changes in market condition for the period ending 31 March 2017 and further review by the Board, and will be audited by the Company's auditor and reviewed by the audit committee of the Board prior to finalisation of such accounts. Therefore, the actual results of the Group for the year ending 31 March 2017 may differ from the information contained in this announcement.

* For identification purposes only

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Fujikon Industrial Holdings Limited Yeung Chi Hung, Johnny

Chairman & Chief Executive Officer

Hong Kong, 16 January 2017

As at the date of this announcement, the Board comprises six executive Directors, namely, Mr. Yeung Chi Hung, Johnny, Mr. Yuen Yee Sai, Simon, Mr. Chow Man Yan, Michael, Mr. Yuen Chi King, Wyman, Mr. Yeung Siu Chung, Ben and Ms. Chow Lai Fung; and three independent non-executive Directors, namely, Dr. Chung Chi Ping, Roy, Mr. Che Wai Hang, Allen and Mr. Lee Yiu Pun.

Fujikon Industrial Holdings Ltd. published this content on 16 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 January 2017 11:05:05 UTC.

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