StockCode:000026 200026 ShortFormofStock:FIYTAA,FIYTAB AnnouncementNo:2019-011 FIYTAHOLDINGSLTD. 2018AnnualReport,Summary 1. ImportantNotice ThissummaryoftheAnnualReportisquotedoutofthefulltextoftheAnnualReport.InvestorsdesiroustounderstandentirelytheCompany'soperationresults,financialpositionandfuturedevelopmentplanningareadvisedtocarefullyreadthefulltextoftheAnnualReportwhichispublishedinthemediumdesignatedbyCSRC. TheBoardofDirectors,theSupervisoryCommittee,directors,supervisorsandseniorexecutivesherebyindividuallyandcollectivelyacceptresponsibilityforthecorrectness,accuracyandcompletenessofthecontentsofthisreportandconfirmthatthereareneithermaterialomissionsnorerrorswhichwouldrenderanystatementmisleading. HuangYongfeng,theCompanyleader,ChenZhuo,chieffinancialofficer,andTianHui,themanageroftheaccountingdepartment(treasurer)herebyconfirmtheauthenticityandcompletenessofthefinancialreportenclosedinthisAnnualReport. AllthedirectorsattendedtheboardmeetingforreviewingtheAnnualReport. Indicationofqualifiedauditopinion Inapplicable TheprofitdistributionpreplanorthepreplanforconversionofreserveintocapitalforthereportingperiodreviewedbytheBoardofDirectors TheprofitdistributionpreplanreviewedandapprovedbytheBoardofDirectorsissummarizedasfollows:With 438,744,881sharesasthebase,theCompanywoulddistributecashdividendattherateofCNY2.00forevery10shares(withtaxinclusive),bonusshareattherateof0shareforevery10shares(withtaxinclusive)tothewholeshareholdersandshallcapitalizenoreserve. ProfitDistributionPreplanforPreferredSharesduringtheReportingPeriodApprovedbytheResolutionoftheBoardofDirectors Inapplicable III.CompanyProfile I.CompanyInformation Shortformofthestock: FIYTAA, FIYTAB StockCodes: 000026and200026 StockExchangeListedwith ShenzhenStockExchange LiaisonPersonsandCommunicationInformation SecretaryoftheBoard SecuritiesAffairsRepresentative Name LuWanjun ZhangYong OfficeAddress 20thFloor,FIYTATechnologyBuilding,GaoxinS.Road 20thFloor,FIYTATechnologyBuilding,GaoxinS.Road One,NanshanDistrict,Shenzhen One,NanshanDistrict,Shenzhen Fax 0755-83348369 0755-83348369 Tel. 0755-86013669 0755-86013669 Email investor@fiyta.com.cn investor@fiyta.com.cn 2.SummaryofthePrincipalBusinessorLeadingProductsduringtheReportingPeriod (1)PrincipalBusinessandOperationModel FIYTAconcentratesitselfinwatchindustry,takesthebrandstrategyastheguidance,integrateswatchR&D,design,manufacture,salesandservices,andhasformedtwocorebusinesses-watchbrandmanagementandwatchretailandservices.TheCompanypossessesitsproprietarywatchbrands,includingFIYTA,EmileChouriet,JONAS&VERUSandlicencedcooperativebrands-JEEPandBEIJING,whichhavedifferentstylesandcansatisfysegmentizedmarketdemands;haswatchretailandservicebrands-HARMONYandBRANDGALLERY,whichcoverthenationwidemarketandsatisfyhighandmediumandfashionconsumptiondemands. (2)DevelopmentStatusofWatchIndustryandtheCompany'sPositionintheIndustry Modernwatchindustryisanadvancedmanufacturewithhighprecisionmachineryintegratedwithinformationtechnologyandisaspecialhighlysophisticatedandaccuratetime-keepingproduct.Watchisalsoaconsumerproductwithaestheticandfashioncharacterandculturalconnotation,aswellashighqualityconsumergoodswithoutstandingbrandvalue.Underafavorabletrendofthepeople’spursuanceforbetterlifeandconsumptionupgrading,watchindustry,whichintegrateshigh-endsophisticatedmanufactureandbrandaesthetics,enjoysagooddevelopmentprospect. In2018,underthebackgroundthatthemacroeconomyheldpressureandtheconsumptionmarketwasweakingrowth,theCompanyconductedin-depthstudyontheconsumptiondemandandfashiontrendinitsbrandmanagementbusiness,workedhardonbreakthroughandinnovationintechnology,processandproductdesignandconstantlyimprovedtheproductqualityandcontinuouslysatisfiedthecustomers’demand.Meanwhile,inlightofthesegmentedmarket,theCompanycontinuedtoincreasetheinputinmulti-brandstrategicalplanning,channelconstruction,marketingandpromotion,etc,continuouslyenrichthebrandconnotationandbuildbrandswithdifferentiation.Duringthereportingperiod,theCompanyconstantlymaintainedpowerfulcompetitionsuperioritywithitbrandbusinessesinthedomesticwatchmarketofwhichFIYTABrandfurthertooktheleadingpositionintheindustryintermsofitsinfluence.Inrespectofretailservices,theCompanyseizedtheopportunityofsalesrecoveryofmedium-andhigh-endbrands,positivelyadjustedtheshopbrandstructureandchannellayout,continuouslydevelopedthemedium-andhigh-endqualitychannels,keptdoingagoodjobinservicequalityimprovementandarrangementofthetechnicalservicenetwork.Duringthereportingperiod,theCompany'ssuperiorityinretailservicebusinesscompetitionwasfurtherconsolidated;whereHarmonyWorldWatchkepttheleadingpositionintheindustryintermsofsalessizeandchannelarrangement.TheCompanycreatedagainanewhistoricalrecordinannualrevenueandtotalprofitandkeptadvancingtowardsthevisionof“becomingaleadinginternationalizedwatchbrandenterprise”. 3.SummaryofAccounting/FinancialData (1)SummaryofAccounting/FinancialDatainthePastThreeYears DoestheCompanyneedtomakeretroactiveadjustmentorrestatementoftheaccountingdataofthepreviousyears No InCNY Increase/Decreaseofthe 2018 2017 reportingyearoverthe 2016 previousyear Operatingrevenue 3,400,450,599.90 3,345,809,703.98 1.63% 2,993,864,561.43 NetprofitattributabletotheCompany’s 183,835,095.29 140,216,258.28 31.11% 110,662,681.59 shareholders Netprofitlessthenon-recurringprofit/loss 162,758,061.00 123,918,527.75 31.34% 97,200,540.64 attributabletotheCompany’sshareholders Netcashflowsarisingfromoperating 331,627,789.62 564,954,561.97 -41.30% 455,759,094.15 activities Basicearningpershare(CNY/share) 0.4190 0.3196 31.10% 0.2522 Dilutedearningpershare(CNY/share) 0.4190 0.3196 31.10% 0.2522 Returnonequity,weightedaverage 7.30% 5.79% 1.51% 4.74% Increase/Decreaseofthe Endof2018 Endof2017 endofthereportingyear Endof2016 overtheendoftheprevious year Totalassets 3,599,691,650.26 3,579,789,692.90 0.56% 4,004,897,562.72 NetassetsattributabletotheCompany’s 2,570,134,782.90 2,467,967,361.20 4.14% 2,371,370,535.17 shareholders (2)SummaryofAccountingDataBasedonQuarters InCNY Thefirstquarter Thesecondquarter Thethirdquarter Thefourthquarter Operatingrevenue 851,815,980.69 844,075,452.03 868,796,654.10 835,762,513.08 NetprofitattributabletotheCompany’s 59,518,000.75 52,849,920.69 50,293,172.83 21,174,001.02 shareholders Netprofitlessthenon-recurringprofit/loss 54,825,312.90 44,934,058.26 48,421,717.55 14,576,972.29 attributabletotheCompany’sshareholders Netcashflowsarisingfromoperating 67,632,201.86 157,040,072.23 65,916,200.63 41,039,314.90 activities DoesthereexistanysignificantdifferencebetweentheabovefinancialindicatorsortheirsumtotalandthecorrespondingfinancialindicatorsasdisclosedbytheCompanyinitsquarterlyreportsorsemi-annualreport No 4.CapitalStockandShareholders (1)Quantityofsharesheldbythecommonshareholdersandpreferredshareholderswhosevotingrightsarerestoredandshareholdingbythetop10shareholders Inshares Totalcommon Totalpreference Totalpreference Totalcommon shareholdersatthe shareholderswith shareholderswiththe shareholdersat endofthemonth thevotingpower votingpowerrecovered theendofthe 31,855 beforethedateof 31,352 recoveredatthe 0 attheendofthemonth 0 reportingperiod disclosingthe endofthereporting beforethedayof AnnualReport period disclosingtheAnnual Report Shareholdingbytop10shareholders Nameofthe Natureofthe Shareholding Shareholding Pledgingorfreezing Shareholder shareholder proportion quantity Numberoftherestrictedsharesheld Statusofthe Quantity shares AVICInternational State 37.15% 162,977,327 0 HoldingLimited corporate Chongqing Domestic InternationalTrust natural 4.19% 18,389,227 0 Co.,Ltd.-YUXIN persons No.2Trust Domestic MoJiadong natural 2.90% 12,703,968 0 persons Domestic #YangZugui natural 2.52% 11,069,727 0 persons NationalSocial State SecurityFund114 corporate 2.20% 9,657,744 0 Portfolio XizangInvestment State 1.13% 4,976,551 0 Co.,Ltd. corporate MANULIFETEDA Fund－Minsheng Domestic Bank－ non-state-own 1.12% 4,893,559 0 MANULIFETEDA edcorporate ValueGrowth OrientedAdditional IssueNo.351 Assets Management Program ShenzhenHeli Domestic Fengyuan non-state-own 0.62% 2,704,000 0 Commerce& edcorporate TradeCo.,Ltd. Shenzhen Rongliyuan Domestic Commercial non-state-own 0.37% 1,630,500 0 InformationCo., edcorporate Ltd. China ConstructionBank Co.,Ltd.- Domestic INVESCOGREAT non-state-own 0.31% 1,376,533 0 WALLQuantized edcorporate SelectedStock TypeSecurities InvestmentFund Explanationonassociated relationshiporconsistentactionof Inapplicable theaboveshareholders Notetotheshareholder(s)involved inthesecuritiesmargintrading(if Inapplicable any) (2)Totalpreferenceshareholdersandtheshareholdingbythetop10preferenceshareholdersInapplicable (3)BlockDiagramoftheOwnershipandControlRelationsbetweentheCompanyandtheActualController 5.CompanyBond DidthereexistanycompanybondswhichwereissuedtothepublicandlistedwiththestockexchangefortradingandwasduebythedatewhentheAnnualReportwasapprovedforissuingorfailedtobefullycashedbytheendofthereportingperiod. No III.DiscussionandAnalysisontheOperation 1.OperationSummaryintheReportingPeriod InChina,thedomesticeconomysloweddowningrowth,theSino-UStradeconflictwasfullofcomplications,theconsumptionmarketdemandwasbearish,andthewatchindustrywasconfrontedwithseriousmarketpressure.Duringthereportingperiod,theCompanyfocusedonvaluecreation,sparedineffortincarryingforwardrefinedmanagementandspecializedoperation,exerteditselfonupgradingthebrandidentityandcustomerservices,improvedtheoperationefficiency;underthesituationofrelativelyweakmarket,theCompanystillrealizedcontinuousincreaseofprofit.In2018,theCompanyrealizedrevenueamountingtoCNY3,400.45millionwithyear-on-yeargrowthof1.63%andrealizedtotalprofitamountingtoCNY231.20millionwithayear-on-yeargrowthof21.87%;realizednetprofitamountingtoCNY183.84millionwithayear-on-yeargrowthof31.11%.TheCompanyhasonceagainachievedahistoricalrecordinoperationperformance. Duringthereportingperiod,theCompanycarriedoutthefollowingkeywork. I.PuttingfortheffortinpromotingupgradingofFIYTABrandandcontinouslysupportingquickdevelopmentofvariousbrands FIYTABrandcloselyfollowedthetrendofupgradingconsumptionandthecustomers’consumptiondemandof“quality-orientationandpersonalization”andcarriedforwardindepthupgradingofthebrandsbasedonproducts,marketingandchannels,etc.In2018,FIYTABrandadheredtothespiritofbeingspecializedinwatchmaking,insistedonindependentaestheticdesign,launched“FENGZHI”,“SOLO”Series,etc.andenrichedtheserialproductsof“QUORRA’SCORD”,“CLOVER”,etc.Meanwhile,forthepurposeofsatisfyingthecustomers’demandonhighqualityandcustomization,theCompanyannouncedahigh-endcustomizeddesignerbrand-MOONYANGatBasellworld;forthepurposeofcomplyingwiththelifestyleofrejuvenationandintelligenceofconsumers,theCompanyenhancedthedigitalizednewmediamarketing;forthepurposeofpressingclosetothechangeofcustomers’consumptionscene,vigorouslydevelopingthechannelsofbrandflagshipstoreandshoppingcenterandtheproportionofsalesinshoppingcenterwascontinuouslyincreasing.In2018,inlightofFIYTABrand'soutstandingperformanceinspecializedwatchmakingandinnovativedesign,FIYTABrandSpaceWatchseriesandtheapplicationprojectwererewardedwithanumberof“theFifthChinaIndustrialAward”andmanymodelsofFIYTABrandwererewardedwithprincipalindustrialawards,including“2018ChinaDesignRedStarAward”,“HonorableMentionofChinaDesign”and“GovernorCupIndustrialDesignAward”,“ShenzhenGift”,etc.Duringthereportingperiod,theCompanycompliedwithconsumers’consumptiondemandofpersonalizationanddiversification,continuedtoreinforcetheinfluenceofthebrandsof“EmileChouriet”,“JONAS&VERUS”,“JEEP”and“BEIJING”,improvedthecompetitionsuperiorityonthesegmentedmarket;theproportionofsalesofmultiplebrandsexceeded25%ofthetotalofthewatchbrandmanagementbusinessandstillkeptquickdevelopment. II.Continuingtooptimizethewatchretailservicenetworkandconstantlyupgradingcustomerservicequality HarmonyWorldWatchCenterfirmlygraspedtheopportunityofrevivedgrowthofmedium-andhigh-endwatches,deepenedstrategiccooperationwithSwatch,Rolex,Richemont,Kering,etc.andindividualwatchmakers,acquiredmorehighqualityinternationalbrandresources;andatthesametime,keptcarryingforwardtheworkofchannelupgradinganddevelopmentofkeymedium-andhigh-endchannels.In2018,theunitpriceofHarmonyworldwatchcustomerswassignificantlyimprovedandthechannelswerefurtherconcentratedonmedium-andhigh-end.Sofar,HarmonyWorldWatchCenterhas190channelsoffamousbrandwatchesofmedium-andhigh-end.Atthesametime,forthepurposeofsatisfyingcustomers’newdemandofconsumingonlineinternationalbrands,Harmonyacceleratedlayoutofonlinechannelsbyunitinginternationalbrands;basedontheexistingbrands,includingOris,Titoni,whichhavebeenauthorizedforonlinesale,HarmonyhasopenedCarlF.BuchererBrandJDofficialflagshipstoreandTISSOTBrandT-MallFranchiseStore.Forthepurposeofcontinuouslyimprovingcustomerservicequalityandsharingthehugespaceoffamousbrandwatchinventorymarket,Harmonycontinuedtodeveloptechnicalservicebusiness.In2018,HarmonyandSwatchGroupjointlyopenedthefirstbrandcomprehensiveafter-saleservicecenter.Nowthesaidtechnicalservicecenterhas150channels.Inthereportingperiod,theCompanycontinuedtocarryforwardupgradingofBRANDGALLERYoperationandchanneldevelopmentwork,haspossessed150BRANDGALLERYfamousbrANdchannelsbasedonmediumendandfashionandthechannelinfluencehasbeenfurtherimproved. III.EnthusiasticallyMakingLayoutofNewBusinessesandStartingIntelligentRetailinaCooperativeWay Basedonthequickgrowthofsmartwatchmarket,theCompanyspeededuplayoutofsmartwatchbusinessandpromotedbusinessinnovation.In2018,FIYTABrandlaunchedthefirstpointertypeaerobiccapacitysmartwatch-JOYUPseriesandJEEPBrandlaunchedsmartall-realmwatch；where,theCompanyachievedinnovativebreakthroughinthefieldofheavysmartwatchbyJEEPBrandsmartwatch,inwhichtheCompanyappliedQUALCOMMradiotechnologyandcreated4Gall-netindependentcommunicationwiththefunctionsofsports,navigation,payment,etc.Itenjoysfirstmoveradvantageintermsoffunctionsandtechnologyintheindustry,hasreceivedgoodresponseinmarketsalesandmorethan10,000unitsweresoldinthreemonthsaftercomingintothemarket. Inlightofthenewdevelopmenttrendofintelligentretail,forthepurposeofbringthesuperiorityoftheCompany'sretailnetworkandprofoundmedium-andhigh-endmemberresourceintobetterplay,in2018,theCompany,centeringthetrendofcustomers’experience,improvementofoperationefficiencyandwhole-channelintegrationdevelopment,etc,startedtheintelligentretailprojectwithcooperationofOC&C,aninternationalconsultinginstitution. IV.InsistingonIndependentScience&TechnologyInnovationandConsolidatingtheCoreTechnologyPower In2018,theCompanybroughttheadvantageofthewatchmanufacturebasesinShenzhenandSwitzerlandintogoodplay,integrateddomesticandforeignresources,constantlyincreasedinvestmentinthefieldofkeytechnologies,includingthedrivingunitsofmechanicalwatches,researchonapplicationofnewmaterials,spacewatchandsmartwatches,keptenhancingitsleadingpositionofindependentinnovationinChinawatchbrands,achievedquiteanumberofscientificresearchresultsandachievedgreatprogressinpartialkeytechnologyR&Dofdrivingunits,materials,etc.In2018,theCompanyaccumulativelyappliedfor57patents,including15inventionandutilitymodelpatents.Relyingontheaccumulationinaspectsofinnovationmechanism,innovationabilityandinnovationtalents,theCompanywaselectedanationalconsumergoodsstandardizationdemonstrationbaseandapost-doctorialinnovationpracticebaseinShenzhen. V.FocusingonCreationofEnterpriseValuesandCarryingforwardRefinedOperationManagement In2018,theCompanyfocusedonvaluecreationandsparednoeffortincarryingforwardrefinedoperationmanagement.Inthebrandmanagementbusiness,theCompanyactivelyadjustedthebusinessandorganizationstructure,compressedthemanagementlevels,vigorouslycarriedforwardcostandexpenditurecontrol,furtherimprovedtheorganizationefficiency,removedlowefficiencyandloss-makingshopswithfirmdetermination,andeffectivelycontrolledtheoperationcost;intheretailservicebusiness,theCompanybroughttheadvantageofchannelsizeintoplay,carriedoutsalesdiscountandimprovedcomparableunitshopoutput.Asaresult,thegrossprofitofHarmonyworldwatchbusinessincreasedby1.96%andcomparableunitshopoutputgrewby4%.In2018,theCompany,withthehelpofscientificmanagementtools,systematicallysolvedthekeyandtoughproblemsexistingintheoperationmanagement,continuouslycarriedforwardprocessoptimizationandconstructionofprecisesupplychain,furtheroptimizedtheinventorystructure,withthetotalamountdroppedbyCNY38.2204millionovertheyearbeginningandinterest-bearingliabilitiesdroppedbyCNY88.8778millionovertheyearbeginning. VI.CarryingforwardConstructionoftheIncentiveMechanismandCultureandFurtherImprovingOrganizationVitality Forthepurposeadaptingitselftothechangeofthemarketenvironmentandcustomers,theCompanyinsistedontheenterprisespiritofinheritanceandinnovationandestablishedandreleasedthenewculturalsystem.Inaddition,theCompanypracticedA-sharerestrictivestockincentiveprogramwithavalidtermof5years(PhaseI)andgranted4.224millionA-sharerestrictivestockto128backboneemployees.Bymeansofconstructionofthenewculturesystemandlong-termincentivemechanism,theCompanyfurtherimprovedthevitalityoftheorganization,supportedthenewturnofdevelopmentstrategyinlandingandarrivalofvariousoperationobjectives. MovementoftheMajorFinancialItemsin2018: StatementItems 2018 2017 Increase/Decrease Notetothemovement (%) Balancesheetitems Advancepayments 13,666,816.33 24,663,314.53 -44.59% Itwasmainlyduetodecreaseofadvancepaymentforgoods attheendofthereportingperiod Otherreceivables 45,870,582.26 34,990,539.09 31.09% Itwasmainlyduetoincreaseofthedepositinsecurityand cashdepositattheendofthereportingperiodovertheyear beginning. Othercurrentassets 73,703,312.24 24,616,815.21 199.40% ItwasmainlyduetoincreaseoftheinputVATtobeoffsetat theendofthereportingperiodovertheyearbeginning. Interestpayable 772,351.26 1,464,729.11 -47.27% Itwasmainlyduetobankloanattheendofthereporting periodandthecorrespondingdecreaseoftheinterestpayable attheendofthereportingperiod. Non-currentliabilitiesdue 347,470.00 35,000,000.00 -99.01% Itwasmainlyduetothatthelong-termloanduewithinayear withinayear wasrepaidattheendofthereportingperiod. Long-termborrowings 4,517,110.00 79,870,353.00 -94.34% Itwasmainlyduetothatthespecial-purposeloanforthe watchindustrybaseinGuangmingNewZonewasrepaidin thereportingyear. Deferredincome 3,672,855.36 5,904,000.00 -37.79% Itwasmainlyduetothatthepartialgovernmentsubsidytobe recognizedattheyearbeginningwasrecognizedasother incomeduringthereportingyear. ProfitStatementItems Interestcost 27,552,558.81 41,825,035.34 -34.12% Itwasmainlyduetothatasthebankloandecreasedinthe reportingyearandthepaymentforinterestcostdecreased correspondingly. Lossfromimpairmentof 3,264,956.18 62,427,499.61 -94.77% Itwasmainlyduetodecreaseoftheprovisionforpricefalling assets ofinventoriesinthereportingyearoverthesameperiodofthe previousyear. Incomefromdisposalof -181,302.24 7,321,993.36 -102.48% Theincomefromdisposalofassetsinthesameperiodofthe assets previousyearwasmainlytheincomefromdisposalofthe non-operatingrealestateofStation68Ltd.,oneofthe Company'ssolely-fundedsubsidiaries,andthereexistedno suchcaseinthereportingyear. CashFlowStatementItems Rebatedtaxesreceived 4,793,245.20 886,252.20 440.84% ItwasmainlyduetoincreaseoftherebatedinputVATinthe reportingyearoverthesameperiodofthepreviousyear. Netcashfromdisposalof 53,280.03 10,678,135.25 -99.50% Itwasmainlytheincomefromdisposalofthenon-operating fixedassets,intangible realestateofStation68Ltd.inthesameperiodofthe assetsandrecoveryof previousyear. otherlongtermassets 2.Didthereexistanysignificantchangeintheprincipalbusinessduringthereportingperiod No 3.Productstakingover10%oftheprimeoperatingrevenueorprimeoperatingprofitoftheCompany InCNY Year-on-year Year-on-year Year-on-year increase/decreaseof increase/decreaseof increase/decreaseof Productdescription Operatingrevenue Operatingprofit Grossprofitrate operatingrevenue operatingprofitover grossprofitrateover overthesame thesameperiodof thesameperiodof periodofprevious previousyear previousyear year Watchretailand 2,090,970,707.50 514,107,944.07 24.60% 2.51% 13.62% 2.40% services Watchbrand 1,102,309,603.80 768,173,914.58 69.70% -3.53% -3.51% 0.01% business Sophisticated 70,742,449.85 11,309,508.86 16.00% 102.78% 227.63% 6.09% manufacture Leases 118,323,969.04 95,849,521.12 81.00% 8.11% 4.56% -2.74% Others 18,103,869.71 17,199,937.07 95.00% -5.19% 11.71% 14.37% 4.Doesthereexistoperationseasonalityorperiodicitynecessarytobepaidspecialattentionto No 5.NotetotheSignificantChangeinOperationRevenue,OperationCosts,TotalAmountofCompositionoftheNetProfitAttributabletotheCompany'sCommonShareholdersduringtheReportingPeriodoverthePreviousReportingPeriod Inapplicable 6.ListingSuspensionorDelistingPossiblytobeConfrontedwith Inapplicable 7.MattersinConnectionwiththeFinancialReport (1)ExplanationontheChangesintheAccountingPolicy,AccountingEstimate,andAccountingMethodinComparisonwiththeFinancialReportofthePreviousYear Inapplicable (2)ExplanationonSeriousAccountingErrorsOccurredduringtheReportingPeriod NecessarytobeRestatedRetrospectively Inapplicable (3)ExplanationontheChangesintheScopeoftheConsolidatedStatementsinComparisonwiththeFinancialReportofthePreviousYear Inapplicable FIYTAHOLDINGSLTD. BoardofDirectors March15,2019