Tong Ren Tang Technologies Co. Ltd. provided group earnings guidance for the full year ended December 31, 2019. The board of directors of the company to inform the shareholders of the company and potential investors that based on the information currently available to the company, the Board preliminarily estimates that the Group is expected to record a decline in its net profit attributable to owners of the Company by approximately 35% to 40% for the twelve months ended 31 December 2019. The expected decline in performance during the Period is mainly due to the following factors. As the industrial layout adjustment was deepenly carried out, the company has begun the transition from the current production capacity to new production capacity. In addition, due to factors such as being affected by the Good Manufacturing Practices (GMP) re-certification by the current production units, the company was confronted with numerous challenges including but not limited to insufficiency of original production capacity and underutilization of new capacity. Furthermore, the insufficiency of production capacity of industrial units and the decline in output volume and production value directly led to the decline in sales volume, which affected the sales revenue and profit of the Group.