Century Ginwa Retail Holdings Limited provided Group earnings guidance for the six-month period ended 30 September 2019. The board of directors of the Company announced that based on the preliminary review of the management accounts of the Group for the six-month period ended 30 September 2019 and information currently available, it is expected that the Group will record an increase of approximately RMB 81.6 million (before potential goodwill impairment) in the loss attributable to equity shareholders of the Company as compared to the same for the six-month period ended 30 September 2018. Based on currently available information, the aforesaid significant increase in the loss attributable to equity shareholders of the Company was mainly due to a drop in revenue by approximately 35% attributable to the slowdown of the PRC retail market as due to the business diversion resulting from newly opened shopping malls and e-commerce channels in the market.