China New City Commercial Development Limited provided earnings guidance for the six months ended June 30, 2018. The board of directors of the company announced that, based on the preliminary review on the draft unaudited consolidated management accounts of the Group for the six months ended 30 June 2018, the Group is expected to record a loss attributable to the equity holders of the Company for the Period, which is mainly due to the substantial decline of gain in fair value of investment properties by approximately of 80% during the Period under review.