Xinming China Holdings Limited provided group earnings guidance for the year ended 31 December 2018. The board of directors of the company informed the shareholders of the Company and potential investors that, based on the information currently available to the Board, it is expected that the Group will record a substantial decrease in profit attributable to owners of the Company for the year ended 31 December 2018 as compared to the corresponding period of 2017. The expected decrease is mainly due to the substantial decrease in property sales, in particular, the substantial decrease of approximately 85% in the property sales for the largest property sale project of the Company last year, Hangzhou Xinming · Children's World project (the "Property") as compared to the corresponding period of 2017, and the decrease of over 70% of the total gross floor area delivered for the Project during the period as compared to the corresponding period of last year.