The board of directors of Sinofert Holdings Limited informed the shareholders of the company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the Group, it is expected that there will be a notable improvement in the operating results of the Group for the year ended 31 December 2018 as compared with those for the year ended 31 December 2017. The company expects that the profit attributable to owners of the company for the year ended 31 December 2018 will range between RMB 400 million and RMB 500 million, which represents a significant improvement as compared with the loss attributable to owners of the company for the year ended 31 December 2017 of RMB 380 million (excluding major non-recurring losses and expenses).