Huanxi Media Group Limited provided consolidated earnings guidance for the year ended December 31, 2018. The board of directors of the company informed the shareholders of the Company and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2018, while the Group expects the revenue will increase significantly compared with the corresponding period of previous year due to the recognition of the revenue during the year from the movies "Us and Them" and "Dying to Survive" which the Group invested, the Group expects the loss will also increase significantly compared with the corresponding period of previous year, the loss are due to the recognition of share- based payment expense of HKD 85,368,000 (non-cash in nature) for granting 130,700,000 share options during the year; and the recognition of share-based payment expense of HKD 270,000,000 (non-cash in nature) for the allotment and issuance of 150,000,000 new shares during the year in respect of the cooperation with a film director.