China Green (Holdings) Limited board of directors of the company announced that based on information currently available to the Board and the preliminary review on the Group's unaudited consolidated management accounts for the six months ended 31 October 2018 the loss attributable to owners of the Company for the Period is expected to increase substantially as compared to the loss attributable to owners of the Company of approximately RMB 11,495,000 for the six months ended 31 October 2017. The Board considers that the substantial increase in loss attributable to owners of the Company for the Period was mainly attributable to: the decrease in gross profit by approximately 71% and an increase in general and administrative expenses; and the absence of the gain on final settlement on the disposal of the entire equity interest in a subsidiary of the Company related to beverage business operations of approximately RMB 72,058,000 recorded in the Previous Period.