Bank of Jinzhou Co., Ltd. provided group earnings guidance for the full year ended December 31, 2018 and six months ended June 30, 2019. The board of directors of the Bank inform the shareholders and potential investors of the Bank that, based on the information currently available to the Board, the Group is expected to record a net loss of approximately RMB 4,000 million to RMB 5,000 million for the year ended 31 December 2018, compared with a net profit of approximately RMB 9,090 million for the year ended 31 December 2017, and a net loss of approximately RMB 500 million to RMB 1,000 million for the six months ended 30 June 2019, compared with a net profit of approximately RMB 4,340 million for the six months ended 30 June 2018. The expected net losses of the Bank to be recorded for the year ended 31 December 2018 and for the six months ended 30 June 2019 are mainly because, among other things, the Bank increased the provision of impairment of financial assets to improve its risk-resistance capability in response to the decline in assets quality, the increase in the outstanding balance of non-performing assets and the Bank's adoption of the expected loss model due to the implementation of the International Financial Reporting Standard 9.