The board of directors of Yunfeng Financial Group Limited announced the shareholders of the Company and potential investors that, based on the Company's preliminary assessment of the unaudited consolidated financial results for the 2018 Annual, the Group is expected to record a net loss attributable to equity shareholders of the Company for the 2018 Annual of an amount approximately HKD 200 million compared to the net loss attributable to equity shareholders of the Company for the 2017 Annual HKD 379 million, it represents a significant decrease of HKD 179 million or 47%. The significant decrease in the loss was mainly due to the consolidation of the net profit of YF Life generated during the period from November 16, 2018 to December 31, 2018, and the improvement in the operation of the existing financial technology business.