The board (the ``Board'') of directors (the ``Directors'') of the Green International Holdings Limited inform the shareholders of the Company (the ``Shareholders'') and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group (the ``Management Accounts''), the Group is expected to record a significant increase of around or over 100% in its loss for the year ended 31 December 2019 as compared to the year ended 31 December 2018, principally as a result of the poor performance of the Group's club house business and beauty and wellness business, and the possible impairment losses in trademark user right and technical know-how and goodwill.