The board of directors of AMCO United Holding Limited announced that based on the information currently available, the company is expected to continue to record a loss for the year ended December 31, 2015 but such loss may decrease significantly by approximately 50% as compared with the net loss for the corresponding year of 2014. The Board believes that such loss and the expected decrease in the net loss for the year ended December 31, 2015 are primarily attributable to: the improvement in overall gross profit margin of the Group benefited from effective product mix fine-tuning and the implementation of cost saving program which has successfully maintained production cost at relatively low level during the reporting year; the initial cost of developing the new businesses of the Group in provision of public relations services and human resources management services of approximately HKD 0.3 million and HKD 1.0 million respectively in the current year; the decrease in administrative expenses primarily due to decrease in staff cost and other general administrative costs by approximately HKD 1.5 million; the decrease in finance expenses by approximately HKD 0.8 million primarily due to the repayment of all bank loans during the current year; the absence of the loss in fair value upon the conversion of convertible notes through profit or loss of approximately HKD 4.0 million as recognized in the corresponding year of 2014; and the absence of the impairment losses on goodwill in the manufacture and sale of medical devices products of approximately HKD 11.8 million and property, plant and equipment of approximately HKD 2.1 million as recognized in the corresponding year of 2014.