The board of directors of Vanke Overseas Investment Holding Company Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 and the information currently available to the company, it is expected that the Group will record a decrease in profit attributable to the shareholders for the Year of no less than 70% as compared to the profit attributable to the shareholders being approximately HKD 677 million recorded in the audited consolidated financial statements of the Group for the year ended 31 December 2018.