The board of directors of the Greenheart Group Limited informed to shareholders of the Company and potential investors that, based on the Information currently available, the Group expects to record a significant increase in its net loss for the six month period ended 30 June 2018 as compared to that for the six month period ended 30 June 2017. The significant increase in loss attributable to equity holders of the Company was due to the following: a decrease in revenue contributed by New Zealand division of the Group approximately HKD 60 million due to a significant decline of the harvest volume in the Group's own plantation assets by 31%, which was predominately caused by the temporary withdrawal of one harvesting crew; a significant increase of average unit direct operating costs in the New Zealand division of the Group of approximately 5%, reflected by higher fuel costs and increased contractors' rates for tougher harvest terrain, together with the increase in non-cash forest depletion cost as a result of the increase in the fair value of the plantation forest assets as at 31 December 2017; and an increase in the amortisation of timber concessions and cutting rights by approximately HKD 6.8 million due to the change of the accounting estimate from unit-of-production basis to straight line method and the significant reduction of the harvested volume from west Suriname region during the Period.