The Board of Yue Da International Holdings Limited informed the shareholders of the Company and potential investors that based on a preliminary review of the unaudited management accounts of the Group and other information currently available, the Group is expected to record a consolidated profit and comprehensive income for the year ended 31 December 2019 as compared to the loss and comprehensive expense of the Group for the same period in previous year. Such increase is mainly due to (i) a net exchange gain was recorded in the Period compared to that of the net exchange loss in previous year; (ii) an increase of revenue contributed by the business factoring segment; (iii) saving of administrative expenses owing to group restructuring and disposal of a subsidiary; and (iv) increase in gains on disposal of subsidiaries.