Asia Tele-Net and Technology Corporation Limited announced that based on the preliminary review on the unaudited consolidated financial statements of the Group, the board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to record a significant decrease in its profit for the year ended 31 December 2018 as compared to its profit for the year ended 31 December 2017. The key factors attributable to the significant decrease in profit include, inter alia, (i) the gross profit for the Period Under Review was much lower than that of the Previous Period; (ii) the net loss in fair value of investments held for trading arising from the Period Under Review has increased; (iii) the increase in fair value of deferred consideration for the Period Under Review was much less than the increase recorded in Previous Period and hence a drop in profit when compared to Previous Period.