Xiangxing International Holding Limited provides unaudited consolidated earnings guidance for the year ended December 31, 2019. For the period, the company will record a reduction of approximately 50% in the Group's net profit for the Year as compared with the net profit of approximately RMB 26.9 million for the year ended 31 December 2018. Such reduction is mainly attributable to the one-off expenses incurred for the transfer of listing of the Company's shares from GEM to the Main Board of the Stock Exchange on 6 September 2019; the substantial decrease by Chinese Government in the volume of imported solid wastes in order to strengthen environmental protection supervision, leading to the decrease in the volume of imported solid wastes for the Group's imported agency business and resulting in a particularly significant year- on-year volume decline in agency of imported solid wastes in the second half of the Year; and the decrease in container road freight forwarding services business relating to those imported solid wastes of the Group.