Xinyi Automobile Glass Hong Kong Enterprises Limited announced that based on a preliminary review of the currently available information which includes, but without limitation to, the unaudited management accounts of the group for the year ended 31 December 2017, the board informed the shareholders of the company and prospective investors of the company that the amount of the consolidated net profit attributable to the equity holders of the company for the year ended 31 December 2017 is expected to have a substantial increase, as compared with the net profit of HKD 63,000 for the year ended 31 December 2016. The Directors consider that the increase is due to no listing expenses incurred for the year ended 31 December 2017 while an amount of listing expenses of HKD 5.0 million was charged to profit or loss for the year ended 31 December 2016; increase in revenue contributed by the increasing sales of automobile glass with repairs and installation services provided to car owners who are under insurance; and increases in revenue and profitability contributed by the trading of lithium battery powered forklifts. The 2017 Net Profit is expected to increase on a year-on-year basis by approximately 120 times to 150 times as compared with the net profit of HKD 63,000 for the year ended 31 December 2016.