The board of the directors of Huabang Financial Holdings Limited informed shareholders of the Company and potential investors that based on the preliminary review on the management account of the Group for the six months ended 30 September 2019 and the information currently available, it is expected that the Group will record a loss attributable to shareholders of the Company for the six months ended 30 September 2019 as compared to the net profit position for the six months ended 30 September 2018, mainly due to (i) decrease in overall gross profit margin of the Group; and (ii) increase in depreciation expenses of properties and overall finance costs of the Group for the period.