The board of directors of Silver Base Group Holdings Limited announced that based on the preliminary assessment of the unaudited management accounts of the Company, the Group is expected to record a loss for the year ended 31 March 2018. The Group recorded loss for the year ended 31 March 2018 is mainly due to some Chinese liquor products for the Chinese market not received in full ordered quantity before the Chinese New Year and thus affected the sales during the most festive season of the year; and more non-alcoholic products were sold this year. The gross profit of such products is relatively low, which affected the overall profit level.