CT Vision (International) Holdings Limited informed the shareholders of the Company and potential investors of the Company that, based on its preliminary review on the relevant unaudited consolidated management accounts of the Group for the six months ended 30 June 2019 and information currently available, it is expected to record a decrease of approximately 30% to 40% in net profit attributable to the Shareholders for the six months ended 30 June 2019 (the "Period") as compared to that for the corresponding period in 2018. The Board considers that the expected decrease is mainly attributable to the decrease in revenue recognised from construction works. The general building work projects of the Group are being developed in stages and the revenue recognised is effectively linked to their respective completion dates of construction work. Consequently, due to the different timing in the recognition of revenue generated based on the work performed the results of the Group could fluctuate between individual financial reporting periods. As such, since (i) most of the general building work projects of the Group on hands were at their ending phase, with revenue already recognised in prior years; (ii) only four new contracts for the foundation works and ancillary services were awarded during the Period; and (iii) no new contract for general building work projects was awarded during the Period, the Company expects to record a decrease in the revenue recognised from the construction works for the Period.