The board of directors of Eagle Nice (International) Holdings Limited informed the shareholders and potential investors of the company that the Group is expected to record a substantial increase in profit for the six months ended 30 September 2019 as compared to that for the corresponding period in 2018. Based on the information currently available to the Company, the Board believes that the main reasons attributable to the expected substantial increase in profit are (i) a substantial increase in sales following the acquisition of two production facilities in Vietnam and Hubei, the People's Republic of China by the Group during the financial year ended 31 March 2019; and (ii) decrease in costs as a result of depreciation in Renminbi.