The board of directors of Shaw Brothers Holdings Limited informed the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 (the "FY2019"), the Company expects to record a significant increase of more than 100% in the profit for the fiscal year 2019, and an increase of not less than 35% in its profit attributable to owners of the Company for the fiscal year 2019, as compared to the profit for the year of RMB 8,290,000 and the profit attributable to owners of the Company of RMB 12,566,000 for the year ended 31 December 2018 respectively. The aforesaid increase in profit for the year and increase in profit attributable to owners of the Company were primarily attributable to an increase in the revenue of the Group recognised from films and dramas released in the fiscal year 2019.