The board of directors of Great China Properties Holdings Limited announced the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 and the information currently available to the Board, the Group is expected to record a net loss within the range of approximately HKD 3.0 million to HKD 4.0 million for the year ended 31 December 2019, as compared with a net profit of approximately HKD 41.7 million for the year ended 31 December 2018. The change from profit to loss was mainly attributable to the decrease in revenue and gross profit as a result of the decrease in areas delivered in the sales of the properties in the Year and decrease in exchange gain arise from the translation of the Group's financial liabilities.