Cosmo Lady (China) Holdings Company Limited provided earnings guidance for the Year ending December 31, 2019. For the year, 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 eleven months ended 30 November 2019 (the "Period"), and the contemplated one-off accounting provisions highlighted above, it expects to record a loss after tax of not less than RMB 980 million for the year ending 31 December 2019, as compared to the profit after tax of approximately RMB 378 million recorded for the year ended December 31, 2018. For the avoidance of doubt, the said accounting provisions were not made in the management accounts for the Period, and are to be made during the preparation of the financial statements for the year ending December 31, 2019.