The board of directors of the Dongyue Group Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the five months ended 31 May 2019, the net profit attributable to owners of the Company for the five months ended 31 May 2019 has decreased by approximately 25% to 30% as compared to that for the five months ended 31 May 2018 and based on such information, the Board expects that the Group may record a decrease in its net profit attributable to owners of the Company for the six months ending 30 June 2019, as compared to that for the six months ended 30 June 2018. Based on the information currently available, the Board considers that such decrease was mainly attributable to the decrease in average market prices of the Group's major products as compared to the same period of 2018, which led to the decrease in revenue and gross profit margin of the Group during the relevant period.