ZMFY Automobile Glass Services Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2019. For the year, the company expected to record a net loss for the Year 2019 as compared to a net profit for the corresponding period in 2018. Based on the information currently available, the Board considered the change from profit to loss was mainly attributable to the following reasons: the continued deficit resulting from the automobile glass business of the company as compared to the corresponding period in 2018; projects in the business consultancy service sector of the company are further delayed due to the unforeseen business environment in the PRC, causing a substantial decrease in revenue in this sector; and impairment loss on goodwill and intangible asset of about RMB 6 million arising from the acquisition of CAS Valley company Inc., the subsidiary of the company which had contributed to the business consultancy service income over the past years.