The board of directors of Beijing Enterprises Urban Resources Group Limited announced that, based on the preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2019 and currently available information, it is expected that the revenue for the Relevant Period will increase by more than 30% as compared to that for the year ended 31 December 2018 and the profit attributable to shareholders of the Company from continuing operations for the Relevant Period will increase by more than 50% as compared to that for the year ended 31 December 2018. The increases were primarily due to the following: Increase in revenue in the amount of approximately HKD 369.1 million from the Group's environmental hygiene service projects from new projects obtained in the Relevant Period; Increase in the gross profit margin from the Group's environmental hygiene service projects from 21.5% for the year ended 31 December 2018 to 22.5% for the Relevant Period; and Increase in revenue in the amount of approximately HKD 95.3 million from the Group's hazardous waste treatment projects in the Relevant Period from existing projects, in particular the increase in revenue from recycling and reuse project located in Ningxia.