Shanxi Changcheng Microlight Equipment Co. Ltd. provided group earnings guidance for the year ended December 31, 2019. The Board informed the shareholders of the Company and potential investors of the Company that based on the Group's unaudited financial statements and the information currently available, it is expected that the Group will record a substantial reduction in loss for the year ended 31 December 2019 by over 90%, compared with that of the previous financial year. The Board considers that this is mainly attributable to various measures taken since the fourth quarter of 2018 to improve the business capabilities of the Group, including of improving image transmission fiber optic production process; implementing measures to enhance products passing rate and gross profit margin; strengthening internal management to improve operating efficiency; and implementing stringent cost control measures. As a result of the implementation of the Measures, the products passing rate and gross profit margin have both improved and the production volume has also significantly increased.