China Evergrande Group provided earnings guidance for the year ended December 31, 2019. The Group expects that there will be a decrease in the net profit from the core business of the Group and the net profit for the year ended 31 December 2019. Of which, the net profit from the core business is expected to be approximately RMB 40.8 billion, a decrease of approximately 48% from that of last year, and the net profit is expected to be approximately RMB 33.5 billion, a decrease of approximately 50% from that of last year. The decrease in profit is mainly attributable to the delivery and settlement of the lower-priced clearance stock properties in 2019, which drove down the unit price of the property delivered.