Shanshan Brand Management Co., Ltd. provided earnings guidance for the year ended December 31, 2019. For the year, the company expected that the Group will record a 70% to 90% decrease in net profit attributable to shareholders of the Company for the year ended 31 December 2019 as compared to the net profit for the year ended 31 December 2018, mainly due to the slowdown in the growth of China's domestic economy and domestic demand, and the increase in the Group's various operating costs such as staff salaries and renovation expenses.