The board of directors of Greenway Mining Group Limited announced based on a preliminary review of the unaudited consolidated management accounts of the Group for the ten months ended 31 October 2019 and the information currently available to the Board, as well as the sales orders received from the customers thus far for the remaining two months of the year 2019, as compared with the net loss attributable to the owners of the Company of RMB 8,639,000 for the year ended 31 December 2018, the Company expects the net loss attributable to owners of the Company for the year ending 31 December 2019 will significantly increase to no less than seven times. Such an increase in loss was mainly attributable to the following reasons: The downstream consumer market of main products, lead and zinc, continued to be sluggish in the second half of the year, especially near the year end period which is usually the slack season, the selling prices of lead and zinc products thus recorded a significant decline, which seriously eroded the sales revenue and gross profit of the Group's lead and zinc products; In order to expand the scale and efficiency of production and operation so as to enhance the Group's revenue, the Group enlarged the mining areas of the underground mining area of the main operating mine, Aung Jiujia Mine. However, certain intermittent faults happened at part of the underground mining bodies, the management of the Group thus adjusted the mining production plan and the mining production process was therefore subject to certain restrictions, the production of lead concentrates was reduced accordingly; and The Group's cost of sales, operation expenses and management fees continued to increase as a result of the inflation in the PRC and Myanmar. Furthermore, based on sales orders received from the Group's customers thus far for the remaining two months of the year 2019, it is expected that the operating performance of the Group for the two remaining months will continue to suffer from further weakening lead and zinc market with average selling price of lead and zinc concentrates even lower than the preceding months. On the basis of the above and currently available information to the Board, the operating performance of the Group for the six months and therefore also the year ending 31 December 2019 will substantially decline as compared with those of the year 2018.