Kingboard Laminates Holdings Limited provided unaudited group earnings guidance for the year ended 31 December 2019. The board of directors of KBL (the "KBL Board") informed shareholders and potential investors of KBL that, based on the preliminary review of the unaudited management accounts of the KBL Group for the year ended 31 December 2019 and the information currently available to the KBL Board, the KBL Group is expecting to record a decrease in the reported net profit and underlying net profit, each from 20% to 30%, for the year ended 31 December 2019 as compared with 2018. The expected decrease in the reported net profit and the underlying net profit of the KBL 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.