The board of directors of DaFa Properties Group Limited informed the shareholders of the company and potential investors of the company that, based on the preliminary review of the unaudited management accounts of the Group for the financial year ended 31 December 2018 and currently available information, it is expected that the Group will record a profit attributable to owners of the company during the Period, representing a significant increase of over 200% as compared with the profit attributable to owners of the Company for the financial year ended 31 December 2017. Such significant increase in profit attributable to owners of the Company is primarily attributable to the increase of carryforward amounts and significant increase of gross profit margin in the sales of properties by the Group during the Period.