Tibet Water Resources Ltd. announced unaudited consolidated earnings guidance for the year ended 31 December 2019. The board of directors of the company announced to the shareholders and potential investors of the Company, based on the Board's preliminary review of the currently available information, the Group is expected to record a net loss (subject to audit) not more than RMB 760 million for the year ended 31 December 2019, as compared with a net profit of approximately RMB 317 million recorded for the year ended 31 December 2018, taking into consideration of the one-off impairment loss of not more than RMB 900 million on the investment accounted for using equity method. The impairment loss on the Investment is a one-off non-cash item on the carrying amount of the Investment and therefore has no impact on the Group's current and future operations and cash flows. It is expected that (i) excluding such impairment loss (subject to audit), the Group would record a profit for the year ended 31 December 2019, and that (ii) cash inflows from operating activities remains positive showing a steady growth compared with 2018.