The board of directors of Continental Holdings Limited informed shareholders of the Company and potential investors that based on the financial information currently available, it is anticipated that the group is expected to record a significant decrease in profit for the year ended June 30, 2019 as compared to the year ended June 30, 2018. The significant decrease in profit for the year was mainly due to the Group has disposed of a 50% joint venture that holds a shopping mall located in Shanghai, the P.R.C., on 20 April 2018 and hence absences of (i) one off gain on such disposal amounting to approximately HKD 363.2 million; and (ii) share of profit of that joint venture of approximately HKD 68.9 million recorded in 2018.