China Uptown Group Company Limited provided earnings guidance for the six months ended 30 June 2018. The board of directors (the "Board") of the company informed the shareholders of the company and potential investors that based on its preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2018 ("Preliminary Review"), it is expected that the Group would record a loss and a substantial decline in revenue, as compared to the same in the corresponding period in 2017. The Group recorded a loss and significant decline in revenue that is mainly due to the following reasons: The majority of Phase 1 & 2 of the Groups property (the "Maoming Project") in Maoming City in the Guangdong Province, the People ' s Republic of China was completed and recognised as revenue during the year ended 2016 and the year ended 2017. The Phase 3 of the Maoming Project is still in pre-sale stage and scheduled to be completed in late 2018. As the result, the revenue and profit attributed to sales of properties decreased significantly; and during the first six months of the year, no revenue is attributed to trading of raw sugar due to the underperforming market of raw sugar.