Xinji Shaxi Group Co. Ltd. provided consolidated earnings guidance for the year ended 31 December 2019. It is expected that the net profit attributable to the Shareholders for Year 2019 is likely to decrease by not more than 50% as compared to that of the corresponding period in 2018. The Board considers that such expected decrease is principally due to (i) the absence of significant increase in fair value gains on the investment properties of the Group for Year 2019; and (ii) the absence of one-off compensation from the government of Guangzhou Panyu District in the PRC in July 2018 for the removal of part of the investment properties of the Group in order to develop the Guangzhou Shaxi metro station for Year 2019.