Dragon Crown Group Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2019. The board of directors (the "Board") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary assessment of the latest available unaudited consolidated management accounts of the Group and information currently available to the Board, it is expected that the Group will record a decrease of over 40% in its net profit for the year ended 31 December 2019 as compared with the year ended 31 December 2018. Based on the relevant information currently available to the Board, the Board considers such expected decrease in net profit for the year ended 31 December 2019 is mainly attributable to, among other things, (i) the decrease in revenue in respect of ethylene, methanol and acetic acid; (ii) the absence of one-off gain on disposal of financial asset at fair value through profit or loss for the year ended 31 December 2019, as compared with the year ended 31 December 2018; and (iii) the share of losses of joint ventures for the year ended 31 December 2019, as compared with the share of profits of joint ventures for the year ended 31 December 2018.