The board of directors of Changhong Jiahua Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the Group's unaudited consolidated management accounts for the three months ended 31 March 2019 (the period), the Group is expected to record a significant increase in its profit for the Period, and the expected profit attributable to owners of the company for the Period will increase by more than 50% as compared to the profit attributable to owners of the Company of approximately HKD 61,200,000 for the corresponding period of last year. The Board is of the view that the aforesaid increase was mainly attributable to significant increase in the Group's revenue; and the improvement of operational efficiency as a result of the Group's further control over its operational costs.