The board of directors of Ka Shui International Holdings Limited informed the shareholders of the Company and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Company and its subsidiaries and information currently available to the Board, the Group is expected to record a decrease of between 15 to 30% in the consolidated profit attributable to owners of the Company for the year ended 31 December 2019 when compared with the same period last year. Such expected decrease was mainly attributable to the following factors: a decline in revenue of the Group as a result of prolonged US-China trade dispute that has dampened consumer sentiment and hence demand for the products of the Group's customers; and while a drop in the general and administration expenses is expected to be recorded when compared with the same period last year, such rate of decrease was lower than that of revenue primarily due to, among other factors, expenses relating to the continuing integration of the Group's production facilities.