MOBI Development Co., Ltd. provided unaudited earnings guidance for the year ended December 31, 2018. For the year, the Group is expected to record a net profit as compared to a net loss incurred for the corresponding year ended 31 December 2017. The Board considers that the turnaround from net loss to net profit of the Group was mainly attributable to the following reasons: given that the global network construction was still dominated by 4G, global network construction entered its investment cycle with more resources being invested in the construction of optimized wireless network, resulting in an increase in the overall revenue of the Group; the product mix of the Group was enhanced and the revenue from some of new and high-end products had increased; and there was an improvement in the Group's profitability attributable to economies of scale and the effective costs control measures.