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.

PYI Corporation Limited (Incorporated in Bermuda with limited liability) (Stock Code: 498) PROFIT WARNING

This announcement is made by the Company pursuant to Rule 13.09(2)(a) of the
Listing Rules and Part XIVA of the SFO.
The Board wishes to inform the shareholders of the Company and potential investors that the net profit of the Group for the year ended 31 March 2014 is expected to decrease substantially as compared to the net profit of the Group for the year ended 31 March 2013.

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

This announcement is made by PYI Corporation Limited (the "Company", together with its subsidiaries, the "Group"), pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO").
The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company and potential investors that the net profit of the Group for the year ended 31 March 2014 is expected to decrease substantially as compared to the net profit of the Group for the year ended 31 March 2013. Based on the information currently available, such substantial decrease was mainly attributable to absence of any substantial gain on disposal of investment for the year ended 31 March 2014 as compared to a non-recurring substantial gain on deemed disposal of Louis XIII Holdings Limited earned for the year ended 31 March 2013.
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The information contained in this announcement is only based on preliminary assessment of the unaudited consolidated management accounts of the Group and other information currently available to the Company, and is not based on any financial data or information that has been audited or reviewed by the Company's external auditor.
Shareholders of the Company and potential investors are advised to read carefully the annual results announcement of the Company for the year ended 31 March 2014 to be released before the end of June 2014.

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

On behalf of the Board PYI Corporation Limited Lau Ko Yuen, Tom

Chairman and Managing Director

Hong Kong, 30 April 2014
As at the date of this announcement, the composition of the Board is as follows: Mr. Lau Ko Yuen, Tom : Chairman and Managing Director
Mr. Chan Yiu Lun, Alan : Executive Director
Dr. Chan Kwok Keung, Charles

(with Mr. Chan Yiu Lun, Alan as alternate)

: Non-Executive Director

Mr. Chan Shu Kin : Independent Non-Executive Director Mr. Leung Po Wing, Bowen Joseph GBS, JP : Independent Non-Executive Director Mr. Li Chang An : Independent Non-Executive Director Ms. Wong Lai Kin Elsa : Independent Non-Executive Director
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