Kingboard Holdings Limited provided unaudited group earnings guidance for the year ended 31 December 2019. The board of directors of Kingboard Holdings Limited informed shareholders and potential investors of KBH that, based on the preliminary review of the unaudited management accounts of the KBH Group (including the KBL Group) for the year ended 31 December 2019 and the information currently available to the KBH Board, the KBH Group is expecting to record a decrease in the reported net profit and underlying net profit from 45% to 55% and from 20% to 30%, respectively, for the year ended 31 December 2019 as compared with 2018. Underlying net profit excluded share-based payments, gain on disposal of a subsidiary and written off of property, plant and equipment. The expected decrease in the underlying net profit of the KBH Group is mainly attributable to the fact that the market was in short supply in 2018, and the unit selling prices of products were higher. However, the gap between supply and demand in 2019 has narrowed, and the unit selling prices of certain products have fallen in 2019. The expected decrease in the reported net profit is mainly attributable to the abovementioned reason in supply and demand and the absence of certain extraordinary or exceptional items when compared with 2018.