The board of directors of the AB Builders Group Limited informed shareholders of the Company and potential investors that, based on preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 and information currently available to the Board, it is expected that the net profit after tax of the Group for the year ended 31 December 2019 may decrease by not less than 40% as compared to the net profit after tax of approximately MOP 37.1 million (before one-off listing expenses) for the year ended 31 December 2018. As mentioned in 2019 Interim Report of the Group, the operation and financial performance of the Group may be more difficult in the second half mainly due to the competition of the construction industry in Macau. The expected decline in performance for the year ended 31 December 2019 is primarily attributable to: The increase in revenue contribution from projects with lower margin as a result of the adoption of the competitive tender approach in respond to the economic slowdown of the Macau economy. An increase in general and administrative expenses mainly due to, (i) the increase in professional and compliance cost after the listing; and (ii) expansion in Hong Kong market. Group's overall financial position remains healthy and solid and the Board remains positive on the long-term prospects of the Group.