China Tangshang Holdings Limited provided earnings guidance for the year ended March 31, 2018. For the period the company expected that the Group will record a substantial decrease in the loss attributable to owners of the Company for the year ended March 31, 2018 as compared to the loss of HKD 94,116,405 recorded for the year ended March 31, 2017. Based on the relevant information currently available to the Company, the Board considers that the improvement in the performance of the Group are mainly due to net gain attributable to the completion of disposal of subsidiaries of the Company and decrease in administrative expenses in relation to reduction in staff costs (including directors' emolument), rental expenses and legal and professional fees.