The board of directors of Season Pacific Holdings Limited announced that based on a preliminary review of the Group's draft unaudited consolidated management accounts for the year ended 31 March 2018, the Group is expected to record a decrease ranging from approximately 30% to 40% in the net profit for the year ended 31 March 2018 as compared with that for the year ended 31 March 2017. Based on the relevant information available, the Board considers that such decrease was mainly attributable to the recognition of one-off non-cash expenses for share based payment of approximately HKD 5.3 million and non-recurring professional fee in relation to the transfer of listing of shares of the Company to the Main Board of the Stock Exchange of approximately HKD 2.1 million.