The board of directors of the China Silver Group Limited informed the shareholders of the Company and potential investors that, based on the Group's unaudited consolidated management accounts for the year ended 31 December 2019 (which have not been confirmed, reviewed or audited by the Company's auditors or audit committee, and may be subject to adjustment) and other information currently available to the Group, the Group expects to record a net loss attributable to owners of the Company of RMB 50 million to RMB 60 million for Fiscal Year 2019, as compared to a net profit attributable to owners of the Company of approximately RMB 149 million for the year ended 31 December 2018 (FY 2018).