The board of directors of Honghua Group Limited informed the shareholders of the company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the company and its subsidiaries (the "Group") for the year ended 31 December 2019 and the information currently available to the company, the Group is expected to record an increase not less than 20% in the profit for the year ended 31 December 2019 as compared to that for the year ended 31 December 2018.