China Digital Video Holdings Limited provided preliminary earnings guidance for the six months ended June 30, 2019. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on a preliminary review and analysis of the latest available unaudited consolidated management accounts of the Group, it is expected that the Group will record a net loss of over RMB 30.0 million for the six months ended 30 June 2019 as compared to a net loss of approximately RMB 17.8 million for the six months ended 30 June 2018. The expected loss for the 2019 Interim Period is primarily attributable to (i) the significant increase in administrative expenses arising from the written off of certain receivables; and (ii) the decrease in the revenue due to the delay in the reconstruction and upgrading of the ultra-high-definition equipment of certain major customers.