The board of directors of Keen Ocean International Holding Limited informed the shareholders of the company and potential investors that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2019 (the "Period") currently available to the Board, the loss attributable to owners of the company for the Period is expected to substantially decrease by approximately 90% as compared to the loss attributable to owners of the company for the corresponding period in 2018 of approximately HKD 4.3 million.