The board of directors of Dongyue Group Limited expected that the Group may record a decrease in its net profit attributable to owners of the Company for the year ending 31 December 2019, as compared to that for the year ended 31 December 2018. Based on the information currently available, the Board considers that such decrease was mainly attributable to the decrease in average market prices of the Group's major products as compared to the same period of 2018, which led to the decrease in revenue and gross profit margin of the Group during the relevant period.