Huili Resources (Group) Limited board of directors announced that, based on the preliminary assessment of the group's unaudited management accounts for the six months ended 30 June 2019 and information currently available to the Board, the group expects to record a net profit of not less than RMB 10 million for the Period, against the net loss of approximately RMB 5 million for the six months ended 30 June 2018. Based on the information currently available to the Company, the Board considers that the expected turnaround from net loss to net profit of the Group was mainly due to a reversal of impairment losses on other receivables for the Period.