Ann: Business Update, page-21

I found this a bit puzzling to be honest. They have maintained guidance at $50-70 million, yet have deleted the Hubei Lakes and flag some of the projects outside China could be delayed into 2021. So we have lost some projects and no new projects have been announced.

In the announcement of 3 December the Hubei South Lake was described as large. Yet even without it guidance is maintained. The $A has fallen 10% against the Chinese yuan and that would help achieving the forecast which is in $A, but even so...

We may be in definite projects nearer the bottom end of the forecast range than before, or they are hoping for MORE (?) new projects than before.