The board of China Baoli Technologies Holdings Limited announced to the shareholders of the company and potential investors that based on a preliminary assessment by the company's management of the unaudited consolidated management accounts of the Group for the year ended March 31, 2019 ("Annual Period") it is expected that the consolidated results of the group may record an increase of approximately HKD 950 million in loss for the Annual Period as compared with the corresponding period in 2018. The board believes that the expected loss for the Annual Period is primarily attributable to impairment of investments in associates; and impairment of amounts due from associates during the Annual Period. As the company is still in the process of finalising the annual results of the group for the Annual Period, the information contained in this announcement is only based on a preliminary assessment by the company's management of the unaudited consolidated management accounts of the group, which has not been reviewed or audited by the auditor of the company, and is subject to possible adjustments arising from further review. The annual results of the group for the Annual Period will be announced on or before 14 July 2019.