The board (the "Board") of directors of Kingmaker Footwear Holdings Limited (the "Directors") announced the shareholders of the Company (the "Shareholders") and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record a decrease of approximately 85% in profit attributable to equity holders of the Company for the six months ended 30 September 2018 as compared with that for the six months ended 30 September 2017, principally attributable to: the absence of the non-recurring profit of approximately HKD 174 million from the net gain on disposal of Kingmaker Footwear (Zhong Shan) Co. Ltd. recognized for the six months ended 30 September 2017; and the decrease in recurring profit of approximately 30% to 40% as compared with that for the six months ended 30 September 2017.