The board of directors of Delong Holdings Limited informed shareholders that there will be a delay in the completion of the Steel Project due to the following issues: there has been a delay in the delivery of plant and equipment by the suppliers and the shortage of steel-related skilled labour in Sulawesi Indonesia. All the shareholders (including Delong Steel) of the JV Co are working together to help the JV Co address the above issues, nonetheless, it is anticipated that the Steel Project will become fully operational in end-June 2019 instead.