ZH International Holdings Limited announced that the board of directors of the Company, based on review on the unaudited consolidated management accounts of the Group and the latest information currently available to the Board, the Group's net profit for the year ended 31 December 2018 is expected to decrease by around 60% as compared to that for the year ended 31 December 2017. The Board believes that the decrease is mainly due to the fact that the Group's property development projects were primarily delivered with full refurbishment to be in line with the Group's development strategy of providing 'High quality' products, which generally takes a longer development period. As such, there was no delivery of new property development projects for the Group during the Year which led to decrease in the Group's operating revenue and gross profit for the Year. The Board believes that the implementation of 'High quality' strategy will increase customers' satisfaction and will lay a solid foundation for the sustainable development of the Group in the long run. The Board remains optimistic about the prospects of the principal businesses of the Group.