China Green (Holdings) Limited provided earnings guidance for the year ended April 30, 2019. The company loss attributable to owners of the company for the year ended 30 April 2019 is expected to record an increase over 10% as compared to the loss attributable to owners of the company of approximately RMB 541,195,000 for the year ended 30 April 2018. The board considers that such loss was mainly attributable to following items: drop in gross profit for the current year which is mainly due to the decrease in revenue from fresh produce and processed products business of the group’s business segments and an increase in operating costs; and impairment losses on property, plant and equipment and long-term prepaid rentals recognized as a result of (a) the production in the multi grain farmland in Baicheng City, Jilin Province falls short of expectations during the current year which adversely affected the quality of harvests and selling price; and (b) decrease in the expected growth rate of revenue which reference to average consumer price index of fresh vegetables of past 5 years.