Xinming China Holdings Limited provided earnings guidance for the year ended December 31, 2019. The company group is expected to record a loss of not more than RMB 20 million for the year ended 31 December 2019 when compared to the profit attributable to the owners of the company in the sum of approximately RMB 21.5 million for the corresponding period in 2018. The expected loss is mainly attributable to the decrease in income from sales of properties due to: (i) the significant decrease in properties sales from the Hangzhou Xinming · Children's World (the "Property") project by approximately 77% compared to that of the corresponding period in 2018 which was due to the adjustment on marketing strategy, pursuant to which, part of the unsold areas was leased in short term; and (ii) the decrease in delivered floor areas of properties of other projects apart the Property during the Period by more than 88% compared to that of the corresponding period in 2018 and this was due to the reduction of market investment affected by the Sino-US trade conflict.