Tiangong International Company Limited provided preliminary consolidated earnings guidance for the year ending December 31, 2019. For the year, the Group is expected to record a significant increase of around 50% in its unaudited consolidated net profit for the year ending 31 December 2019 as compared to the audited consolidated net profit for the corresponding period in 2018. The forecasted unaudited consolidated net profit of the Group for the year ending 31 December 2019 has recorded a significant increase as the average gross profit margin of four major segments has improved due to the following reasons:- (i) the production costs of four major segments were reduced through the Group's innovative research and development effort, thereby increased the proportion of higher-end products with higher gross margin; and (ii) the Group has been actively developing various sales channels to increase the proportion of direct sales, where the improvement in profitability was shown.