Feishang Anthracite Resources Limited provided preliminary consolidated earnings guidance for the year ending December 31, 2019. The board of directors of the company informed the shareholders of the company and potential investors of the company that based on a preliminary review of the latest unaudited consolidated management accounts of the Group (the "Unaudited Management Accounts") and the information presently available to the Board, it is anticipated that the Group is very likely to record a loss for the year ending December 31, 2019 as compared to a profit recorded for the financial year of 2018. The anticipated loss is mainly attributable to the geological complexities of current mining faces and the intensified market competition in 2019, which have led to a decline in both quality and selling price of the Group's anthracite products.