The board of directors of the Vital Mobile Holdings Limited announced that based on the information currently available to the Board and the preliminary assessment of the Group's unaudited consolidated management accounts for the four months ended 30 April 2017 (the Management Accounts), it is currently expected that the Group may record a net loss in the range of RMB 15 million to RMB 20 million for the six months ending 30 June 2017 as compared to a net profit of RMB 19.5 million for the six months ended 30 June 2016. Based on information currently available to the Board, such expected net loss is primarily attributable to the decreases in the total sales volume and the average selling price of the Group's products during the six months ending 30 June 2017.