The board of directors of Teamway International Group Holdings Limited informed the shareholders and potential investors of the company that, based on the information currently available and preliminary assessment of the latest unaudited financial information of the Group, the Group expects to record a significant decrease in loss attributable to owners of the parent for the year ended 31 December 2019 (fiscal year 2019) as compared with the loss attributable to owners of the parent of approximately RMB 320 million for the year ended 31 December 2018 (fiscal year 2018) was mainly due to the absence of the (i) one-off impairment of goodwill amounting to approximately RMB 211 million in relation to the corporate secretarial, consultancy and business valuation cash-generating unit in fiscal year 2018; and (ii) one-off impairment of loan and interest receivables amounting to approximately RMB 48 million in fiscal year 2018.