Based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2018 (the "2018 Management Accounts") and the information available to the company as at the date of this announcement, the board of directors of Hailiang International Holdings Limited informed the shareholders of the company and potential investors that the Group is expected to record total comprehensive expenses attributable to owners of the company for the year ended 31 December 2018 in the range of HKD 53 million to HKD 55 million (the total comprehensive income attributable to owners of the Company for the year ended 31 December 2017 was approximately HKD 14 million). The Group is expected to record a loss attributable to owners of the company for the year ended 31 December 2018 in the range of HKD 500,000 to HKD 2 million (the profit attributable to owners of the company for the year ended 31 December 2017 was approximately HKD 5 million). The estimated loss attributable to owners of the company for the year ended 31 December 2018 is primarily attributable to loss from operation.