The board of directors of Sanbase Corporation Limited announced the shareholders of the Company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group and information currently available, the Group is expected to record a significant increase in the consolidated net profit of the Company for the nine months ended December 31, 2018 as compared to that for the nine months ended December 31, 2017. The increase in consolidated net profit is mainly attributed to (i) the organic growth of the principal subsidiary's business; and (ii) the listing expenses incurred in the corresponding period in 2017 while there were no such expenses being recorded for the nine months ended December 31, 2018.