Truly International Holdings Limited announced that the board of directors informed shareholders that it is expected that the consolidated profit attributable to owners of the company for the 3 months ended 31 March 2019 would be significantly increased by approximately 7 times to approximately HKD 100 million as compared to the consolidated profit attributable to owner of the Company for the 3 months ended 31 March 2018 (approximately HKD 12.5 million). The Board believes that the expected increase in the consolidated profit attributable to owners of the Company for the Period was primarily attributable due to decrease in adminstrative expense and increase in government grants.