The board of directors of Oriental University City Holdings (H.K.) Limited informed the shareholders of the company and potential investors that, based on preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 30 June 2019 and the information currently available to the Board, the Group is expected to record a significant decrease of approximately 80% in its consolidated net profit for the year ended 30 June 2019 as compared to that for the year ended 30 June 2018. The company considers that the expected decrease is mainly attributable to a significantly lower fair value gain recorded on its investment properties this year compared with the year before and partially attributable to a decrease in share of results of associate companies.