Nanyang Holdings Limited announced that based on the information currently available to the Company and preliminary assessment of the latest unaudited consolidated management accounts of the Group, the Board of Directors of the Company advised shareholders and investors that the Group's profit attributable to equity holders for the year ended 31 December 2019 is anticipated to decline by more than 80% as compared to that for the corresponding period in 2018. The decrease is mainly attributable to the decrease in fair value of investment properties for the year ended 31 December 2019, as compared to the increase in fair value of investment properties in the corresponding period in 2018. However, the Group's underlying profit attributable to equity holders, which excludes fair value change of investment properties and related tax effect, for the year ended 31 December 2019 is expected to increase more than 1.5 times as compared to that for the corresponding period in 2018. This is mainly due to better performance of the investment portfolios. In addition, the Group's other comprehensive income has recorded a substantial increase as compared to that for the corresponding period in 2018 as a result of the increase in the fair value of the financial assets at fair value through other comprehensive income.