The board of directors of Universal Technologies Holdings Limited informed the shareholders of the company and potential investors that based on the information currently available, the group is expected to record a significant net loss attributable to the shareholders for the six months ended June 30, 2018, as compared to the net profit attributable to the shareholders in the amount of HKD 8,077,000 for the corresponding period in 2017. The expected turnaround from profitability to loss-making by the Group was mainly attributable to: the exchange loss on Renminbi during the six months ended 30 June 2018, as compared to the exchange gain on Renminbi in the amount of HKD 9,946,000 for the six months ended 30 June 2017; and the increase in operating costs, staff costs, administrative expenses and finance costs for the six months ended 30 June 2018.