Guolian Securities Co., Ltd. provided earnings guidance for the year ended December 31, 2018. Based on the preliminary review of the unaudited management accounts of the company and its subsidiaries (collectively the "Group") for the twelve months ended 31 December 2018, which is prepared under the generally accepted accounting principles of the People's Republic of China, the Group is expected to record a substantial decrease in its net profit attributable to the Shareholders of approximately 87.67% as compared to the same period of 2017. The Board is of the opinion that the decrease in the Group's profit is mainly attributable to the apparent decline in domestic securities market in 2018, which resulted in a substantial year-on-year decrease in profit of the Group's securities brokerage, credit transactions and securities investment businesses. The Group will continue to expedite its business transformation, strengthen risk control, facilitate international strategic layout to overcome the adverse impact on the Group's operations brought by the drastic market volatility.