Sinofert Holdings Limited board of directors announced that based on a preliminary review of the unaudited consolidated management accounts of the Group, it is expected that there will be an increase of approximately 30% to 40% in net profit attributable to owners of the Company for the year ended 31 December 2019, as compared to that for the year ended 31 December 2018. The reasons for such increase are mainly due to the facts that (i) the Group has consistently enhanced strategic procurement, focused on channel development, implemented differentiated development strategy, and stepped up its efforts in the establishment of crop-oriented product system to improve its product competitiveness; and (ii) the major fertilizer production units of the Group have continued to reinforce the fundamental work, operated in safe, continuous and stable manner, reduced cost and improved operating efficiency, and accordingly improved the overall operating results steadily.