Kingdee International Software Group Company Limited provided earnings guidance for the six months ended 30 June 2019. For the period, the company expected to record an increase in total revenue by approximately 15%-20% over the same period in 2018 to approximately between RMB 1,470,970,000 to RMB 1,534,920,000 (the six months ended 30 June 2018: RMB 1,279,100,000). Revenue from cloud services increased by approximately 50%-60% over the same period in 2018 to approximately between RMB 532,720,000 to RMB 568,240,000 (the six months ended 30 June 2018: RMB 355,150,000). For the reason that the Company accelerated in its execution of cloud transformation strategies and increased strategic input in the development of Kingdee Cloud Cosmic business, the profits of the Group are under pressure. As a result of the above matters, the Board considers that the Group expects to record a decrease in profit attributable to owners of the Company for the six months ended 30 June 2019 by approximately 30%-40% over the same period in 2018 to approximately between RMB 101,870,000 to RMB 118,840,000 (the six months ended 30 June 2018: RMB 169,780,000). The Company will continue accelerating in its execution of cloud transformation strategies, and the management of the Company has full confidence in long-term development of the Company.