China Resources Beer (Holdings) Company Limited provided earnings guidance for the year ended 31 December 2019. For the year, the company expects that profit attributable to the shareholders increase by not less than 30% as compared with that of the year ended 31 December 2018. The increase was mainly attributable to: the decrease in impairment loss of fixed assets resulted from the implementation of production capacity optimization as compared with last year; cost savings from efficiency gain; the contribution from Heineken China since the completion of its acquisition on 29 April 2019; and that as disclosed in the Group's 2018 annual report, the Group embarked on a new corporate annuity plan during 2018, which was effective from 1 January 2017, and recorded an one-off provision of its staff cost for 2017 in 2018 with an approximate amount of RMB 117,000,000, while no such extra provision was made in 2019.