The board of directors of Tianjin Port Development Holdings Limited announced that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020, it is expected that the Group will record an increase of not less than 55% in the profit attributable to the Shareholders for the year ended 31 December 2020 as compared with HKD 388 million for the year ended 31 December 2019. The increase was mainly due to an exchange gain arising from the Hong Kong dollars denominated liabilities held by the Group resulting from the appreciation of Renminbi against Hong Kong dollars in 2020, while an exchange loss was recorded in 2019.