C.P. Lotus Corporation provided group earnings guidance for the full year ending December 31, 2018. The Group is expected to record a significant loss for the year ending December 31, 2018 as compared to a profit of approximately RMB 179.0 million for the corresponding period in 2017. The expected change from a profit to a loss is attributable to, among other reasons, the recognition of a significant impairment provision in the financial statements for the financial year ending 31 December 2018 of the goodwill which had arisen from the acquisition of SLS in 2008.