China Huarong Asset Management Co., Ltd. provided earnings guidance for the six months ended June 30, 2019. The board of directors of the company announced that the shareholders of the company and potential investors that, based on the information currently available to the Group and a preliminary review on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2019, the Group is expected to record a net profit attributable to equity holders of the Company for the six months ended 30 June 2019 of not less than RMB 2 billion, while the net profit attributable to equity holders of the Company for the six months ended 30 June 2018 was RMB 685 million. The increase in interim results for the year of 2019 of the Group was mainly due to: the increase of the valuation of certain equity-based investment of the Group affected by the rise of domestic stock markets in the first half of 2019; the Group continues to deleverage and optimize debt structure, which make both of the financing scale and interest rates decline and the interest expenses decrease; the Group actively returns to the core business of distressed assets, improve the efficiency of assets disposal, with increased income from the core business.