The board of directors of Chaoda Modern Agriculture (Holdings) Limited informed its shareholders (the "Shareholders") and potential investors that, based on the information currently available to the Board, the Group is expected to record a significant decrease in the revenue and the loss for the year ended 30 June 2019 by more than 50% as compared to last year and such decrease in revenue and loss are mainly attributable to the early termination of farmlands and production base areas in first half of year 2018 in according with the business operation strategy and the supply-side structural reform of the Group.