The Board of Peking University Resources (Holdings) Company Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group and information currently available to the Board, the Group is expected that the consolidated profit of the Group for the year ended 31 December 2018 will be increased by at least 50% as compared to last year. The estimated improvement in results of the Group was primarily due to significant increase in area of properties sold as compared to last year, and continued improvement in gross profit margin arising from the continued improvement of the quality of the Group's property products.