China Uptown Group Company Limited provided earnings guidance for the year ended December 31, 2018. For the year, the company expects that the Group would record a loss and a substantial decline in revenue, as compared to 2017. The Group is expected to record a loss and significant decline in revenue mainly due to the following reasons: The majority of Phase 1 & 2 of the Group's properties (the "Maoming Project"), in particular the residential properties, in City of Maoming of Guangdong Province, the People's Republic of China, was completed and recognised as revenue during the years ended 2016 and 2017. The majority of Phase 3 of the Maoming Project is scheduled to be delivered and recognised as revenue in 2019. As the result, the revenue and profit attributable to properties development business decreased significantly; and During the year, no revenue is attributed to trading of raw sugar due to the underperforming market of raw sugar.