The board of directors Changsha Broad Homes Industrial Group Co., Ltd. informed the shareholders of the company and potential investors that, based on the preliminary assessment made by the management of the company on the unaudited consolidated management accounts of the Group (the "Management Accounts") for the year ended 31 December 2019 (the "Period") and the information currently available to the Group, the Group is expected to record a significant increase in profit for the period as compared with the profit of the same period in 2018.