Metropolis Capital Holdings Limited announced that based on a review of the Group's unaudited consolidated management accounts for the year ended 31 December 2018, the Group is expected to record a decrease of approximately 90% in the profit before tax for the year ended 31 December 2018 as compared with that for the year ended 31 December 2017. The significant decrease in profit before tax for the year ended 31 December 2018 is primarily attributable to the following factors: (i) a decrease by more than RMB 6 million in other income recognised by the Company during the year of 2018 when compared to the year ended 31 December 2017 primarily due to (a) decrease in government subsidies to the Group in respect of refund upon levy of value-added tax; and (b) decrease in imputed interest income from related parties due to the settlement of loans by the related parties of the Group. As explained in the prospectus of the Company dated 30 November 2018, the refund upon levy mainly arose from machinery and equipment finance leasing and the scale of this aspect of the Group's business was comparatively smaller in 2018 when compared to the previous years resulting in less government subsidies; and the net loss on foreign exchange differences of approximately RMB 1.0 million arising mainly from exchange rate fluctuations on Hong Kong dollars to Renminbi as compared to a net gain on foreign exchange differences of approximately RMB 1.5 million for the year ended 31 December 2017.