Fufeng Group Limited Provided consolidated earnings guidance for the six months ended 30 June 2019. The board of directors of the company the shareholders of the company and potential investors that the Group is expected to record a significant increase of not less than 80% in its consolidated profit attributable to the Shareholders of the company for the six months ended 30 June 2019 as compared to that for the six months ended 30 June 2018. The Board believes that the increase in the Net Profit for the six months ended 30 June 2019 was mainly attributable to the following principal factors: the Group's MSG business achieved better performance as a result of reduced level of irrational competition in terms of pricing and production volume by peer companies, resulting in the continued improvement in the oversupply situation in the industry, which enabled leading enterprises to enjoy the ability to drive a more sustainable development of the overall MSG competitive landscape; and Following the strong momentum of MSG price movement during the fourth quarter of 2018, the price of MSG remained robust and continued to edge higher during the first half of 2019. Such increase in the average selling prices of MSG during the six months ended 30 June 2019 as compared with the corresponding period of 2018, led to increase in the gross profit and gross profit margin of MSG business.