Huishang Bank Corporation Limited provided consolidated earnings guidance for the six months ended June 30, 2018. The board of directors of the bank announced that based on the preliminary assessment made in the interim consolidated management accounts of the group for the six months ended June 30, 2018 which have not been audited or reviewed, the Bank estimates that, for the six months ended June 30, 2018, the net profit of the group will not be less than RMB 4.2 billion; the cost-to-income ratio of the group will be approximately 22%, representing a decrease of over one percentage point as compared with the same period of 2017; the return on average equity will be approximately over 15%. According to the information currently available, the board considers that the increase in the group's net profit was mainly attributable to (1) the increase in interest-earning assets of the bank; and (2) the further decrease in the cost-to-income ratio in light of the effective cost control due to rational business allocation and expense management by the Bank.