Shanghai Zendai Property Limited provided earnings guidance for the six months ended 30 June 2019. The board of directors of the company announced that it is expected to record an increase in loss for the six months ended 30 June 2019 as compared to the loss for the six months ended 30 June 2018. Based on the preliminary review of the management accounts of the Group and information currently available to the Company, such increase in loss was mainly attributable to a substantial decline in revenue and gross profit due to a decrease in properties being delivered and recognized as revenue during the period.