The board of directors of Million Stars Holdings Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended June 30, 2017, the Group is expected to record a net loss of not less than approximately HKD 1,000,000 for the year ended 30 June 2017 as compared with the net profit of approximately HKD 3,827,000 for the year ended June 30, 2016. Such net loss was mainly due to one-off professional fees associated with the general offer and new office setup cost.