The board of directors of Lisi Group (Holdings) Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the group's unaudited management accounts for the year ended 31 March 2019, the earnings of the group for the year ended 31 March 2019 have increased significantly as compared to the loss recorded in the last year. This is mainly attributable to the recognition of a gain in fair value change of approximately RMB 85.0 million from the Tranche C consideration shares issued for the acquisition of car business in Tianjin for the year ended 31 March 2019 while the fair value change of the same factor for the last year was a loss of approximately RMB 1,019.7 million.