Nanfang Communication Holdings Limited announced that the Company and potential investors that the Group is expected to record a decrease in net profit by approximately 60% to 80% for the year ended 31 December 2019 as compared to the year ended 31 December 2018. The Board considered that the changes in the annual results for the year ended 31 December 2019 are primarily due to the following: affected by the whole industry, the drastic decrease in the awarded tendering prices of optical fibre cables which led to the decrease in the Group's revenue; and the share of loss of an associate engaged in the manufacturing and trading of optical fibre business.