Tiangong International Company Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2018. The board of directors of the company based on the preliminary review of the management accounts of the Group, the Group is expected to record a significant increase of around 40% to 60% in its unaudited consolidated net profit for the year ended 31 December 2018 as compared to the audited consolidated net profit for the corresponding period in 2017. The significant increase in the forecasted Group's unaudited consolidated net profit for the year ended December 31, 2018 was attributable to: increase in sales volume of the products of the Group's four core segments during the year ended December 31, 2018 due to increased market demand and market share; and the increased price of major raw materials used by the Group during the year ended December 31, 2018. Since the Group has the ability to pass on raw material price increases to its customers, there was an increase in the average selling price of the products of the Group's four core segments.