Huishang Bank Corporation Limited provided consolidated earnings guidance for the year ended December 31, 2018. The board of directors of the company informed the shareholders of the Bank and its potential investors that, based on the preliminary assessment made in the consolidated management accounts of the Group for the year ended December 31, 2018 which have not been audited or reviewed, the Bank estimates that, on a consolidated basis, as at December 31, 2018, the Group recorded a net profit attributable to the shareholders of the Bank of approximately RMB 8.7 billion, representing a year-on-year increase of approximately over 14%; the cost-to-income ratio of the Group will be approximately 23.02%; and the total assets of the Group will grow by approximately over 15% as compared with the year of 2017 to exceed RMB 1 trillion. According to the information currently available, the Board considers that the increase in the Group's net profit was mainly attributable to the increase in interest-earning assets to effectively promote the increase in the operating income of the Bank; and 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.