The board of directors of AVIC International Holdings Limited informed the shareholders of the company and potential investors that, based on a preliminary assessment of the unaudited management accounts of the Group for the year ended 31 December 2018, it is expected that the Group will record a relatively substantial loss attributable to owners of the company for the year ended 31 December 2018 as compared to a profit attributable to owners of the company of approximately RMB 408 million for the year ended 31 December 2017.