b'< FROM THE CHIEF EXECUTIVE OFFICERWhile net gaming revenue fell 15% over the 2019 financial year to RMB60.5 million, the second half of the year produced RMB41.5 million, in line with the RMB41.5 produced in the 2018 financial year. Non-gaming revenues were down 25% for the year to RMB45.3 million, but only 8.4% down in the second half of the year compared to the 2018 financial year. The second half EBITDA of RMB38.7 million was in line with the 2018 financial year. The full year results reflect the disruptions that occurred in July and August 2018, but the operating performance has now fully recovered. This provides a good baseline for us to look to improve performance, and our license allows additional machines to be introduced. We have commenced assessing how weMy role and focus is can take advantage of this opportunity over the next few years.As the new Group Chief Executive Officer, I have confidence in theentirely on improving calibre and composition of the new Board and I know they will be working tirelessly to resolve the litigation issues against thethe operational vendor of the Star Vegas business. My role and focus is entirely on improving the operational performance of the venues, withoutperformance of the distraction. I believe there is significant growth potential achievable at both businesses and look forward to delivering improvedvenues, without performance from both properties.I am excited by the opportunity presented in both of ourdistraction. businesses and look forward to introducing initiatives at both venues to extract higher returns. I expect to see significantly improved performance from both Star Vegas and the Aristo in the 2020 financial year from the changes that are currently being introduced, and look forward to presenting these results to you during the 2020 financial year.Paul Arbuckle Group Chief Executive OfficerDONACO INTERNATIONAL LIMITED 2019 ANNUAL REPORT 7'