Huaxi Holdings Company Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2018. For the year, the company expected recorded a moderate decrease in a consolidated net profit after tax for the year ended 31 March 2018 as compared to the previous corresponding financial year. The decrease in profit was mainly attributable to: the decrease in revenue due to a drop in average selling price across various products because of intense competition in the printing and packaging industry; the decrease in revenue from environmental treatment business; and the increase in loss provision on the listed securities at fair value. The information contained in this announcement is only a preliminary assessment by the board based on the management accounts of the group and such management accounts have not been reviewed, confirmed or audited by the company's auditors. The audited final results of the Group for the year ended 31 March 2018 are expected to be announced by the end of June 2018.