Le Saunda Holdings Limited provided unaudited consolidated earnings guidance for the three months ended August 31, 2018. The company board expects the Group may record a net loss attributable to the equity shareholders for the interim period 2018/19 comparing with a net profit attributable to the equity shareholders of RMB 32,406,000 in the same period of last year primarily attributable to (a) a decrease of total retail sales as a result of retail shops consolidation in light of the continuous sluggish PRC retail market; (b) a decrease in gross profit margin due to the change of retail pricing strategy in response to the unhealthy market sentiment; (c) an exchange loss arising from the depreciation of Renminbi recorded in the interim period 2018/19, as compared to the exchange gain on Renminbi in the same period of last year.