Tianjin Binhai TEDA Logistics (Group) Corporation Limited provided preliminary earnings guidance for the year ended December 31, 2019. Based on the preliminary assessment of the Group's unaudited management accounts, the Board expects that the profit and total comprehensive income attributable to the owners of the Company for the year ended 31 December 2019 ("FY2019") amounts to approximately RMB 9 million to RMB 9.5 million, representing a potential increase of approximately 89% to 100% as compared with the corresponding period in 2018. The above forecast is based on the following factors which include, a decrease in the impairment loss of trade and other receivables of the Group by about RMB 15.56 million compared with the corresponding period last year, and an increase in the revenue attributable to the Company by Tianjin Fengtian Logistics Co. Ltd., a subsidiary of the Company, by about RMB 9.78 million compared with the corresponding period last year, leading to an estimated increase of about RMB 25.34 million in the Group's profit for FY2019; and an impairment loss of equity instruments at fair value through other comprehensive income of about RMB 11.97 million was recorded in FY2019, which is expected to decrease the other comprehensive income of the Group by about RMB 14.16 million compared with the corresponding period last year.