Xiwang Property Holdings Company Limited provided earnings guidance for the year ended December 31, 2017. Based on the preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2017 and information currently available to the Board, the Group is expected to record a consolidated net loss approximately between RMB 5 million to RMB 10 million for the year ended 31 December 2017. This is mainly attributable to one-off cost incurred for the property project during the year of 2017. Despite the expected consolidated net loss of the Group for the year ended 31 December 2017, the financial position of the Group remains strong. The unaudited consolidated net asset value as at 31 December 2017 is more than RMB 500 million. The Group does not have any external borrowing as at 31 December 2017.