The board of directors of Paliburg Holdings Limited announced that, based on the preliminary review by management of the Company on the unaudited consolidated management accounts of the Group for the year ended 31 December, 2018, the profit of the Group for the financial year ended 31 December, 2018 is expected to decrease by about 40% as compared with that reported for the preceding year. Although the profit expected to be achieved for the year review will be substantially lower than that recorded in 2017, the Group's property and hotel operation businesses have performed satisfactorily and generated gross profit higher than that attained in the prior year. The expected decrease in the profit for the year was principally due to the fact that in 2017, the Group recorded significantly larger fair value gains on its portfolio of investment properties as compared to those in the year under review and, as affected by the downturn of the debt and capital markets, particularly in the second half of the year, the Group incurred fair value losses in its financial assets investment business during the year, as opposed to a profit contribution in 2017.