China Green (Holdings) Limited provided preliminary group earnings guidance for the year ended April 30, 2018. The board of directors of the company informed the shareholders of the Company and potential investors that, based on the information currently available, the Group expects to record a significant decrease in the loss attributable to owners of the Company for the year ended 30 April 2018 as compared to that for the year ended 30 April 2017 of approximately RMB 1,146,816,000. Such expected significant decrease in loss was mainly attributable to: the increase in turnover of (a) fresh produce and processed products business; and (b) branded food products and other business; the improvement in gross profit margin as a result of the economies of scale resulting from the expansion of cultivation area in the existing farmland in Baicheng City; and significant gain on final settlement on the disposal of the entire equity interest in a subsidiary of the company related to beverage business operations.