The board of directors of Sinic Holdings (Group) Company Limited informed the shareholders of the company and potential investors that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 (the "Year") and other information currently available to the Board, the Group is expected to record a significant increase of not less than 320% in the net profit attributable to shareholders for the Year as compared to that for the previous year.