The board of directors of China Fortune Financial Group Limited informed the shareholders of the Company and potential investors that based on its preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2019 and the information currently available to the Board, though the net loss of the Group is mainly due to the increase of exchange differences arising on translation of operations in the People's Republic of China, it is expected that the net loss of the Group will be substantially reduced to not more than HKD 39 million for the Relevant Period as compared with the net loss of approximately HKD 80.768 million for the six months ended 30 September 2018, mainly due to (i) higher revenue than that in the same period of last year; and (ii) significant decrease in staff costs.