Weiye Holdings Limited provided earnings guidance for the year ended December 31, 2019. For the year, the company expected to record a loss attributable to owners of the Company of approximately RMB 30 million as compared to a profit attributable to owners of the Company of approximately RMB 166 million for the year ended 31 December 2018. Such expected decrease in profit is mainly attributable to decrease in revenue of property development segment of the Group as a result of fewer number of new property projects recognized as revenue during the year.