China New Town Development Company Limited provided group earnings guidance for the six months ended June 30, 2019. The board of directors of the company inform the shareholders of the company and potential investors that, based on the Board's preliminary assessment of the group's unaudited consolidated management accounts and other information currently available to the Board, the Group is expected to record a net profit of approximately RMB 75 million for the six months ended 30 June 2019, as compared with a net loss of approximately RMB 40.44 million for the six months ended 30 June 2018. The net profit for the six months ended 30 June 2019 is mainly due to the following reasons: The Group's revenue for the first half of 2019 was approximately RMB 228 million, compared with a revenue of RMB 171 million for the same period of 2018, representing an increase of approximately RMB 57 million. The Group recorded an exchange gain of approximately RMB 8.5 million for the first half of 2019, compared with a loss of RMB 63.39 million for the same period of 2018.