The board of directors of the Capxon International Electronic Company Limited informed the shareholders of the company and potential investors that based on the information currently available to the Board and the unaudited consolidated management accounts of the Group for the year ended 31 December 2018, the Group is expected to report a profit of not less than RMB 50,000,000 for the year ended 31 December 2018 as compared to a loss of approximately RMB 1,812,000 for the year ended 31 December 2017. The Board considers that such increase in profit was mainly attributable to the increase in the Group's sales of capacitors.