China Energy Development Holdings Limited provided earnings guidance for the year ended December 31, 2018. The board of directors of China Energy Development Holdings Limited announced the shareholders of the Company and potential investors that based on the unaudited consolidated management accounts of the Group for the year ended December 31, 2018, the company and its subsidiaries (the Group) is expected to record a profit for the year ended December 31, 2018 (as compared to the year ended December 31, 2017 which was loss-making) principally due to the revenue recognition of natural gas sales of the Group's oil and natural gas project in North Kashi Block, Tarim Basin, PRC (Kashi Project'), but the profit for the full year of 2018 is expected to be significantly lower than the profit for the six months ended June 30, 2018, principally due to impairment losses of intangible assets and exploration and evaluation assets of the Kashi Project; and increases in the amortisation of intangible assets and income tax charge, both of which having substantially offset the positive impact caused by the revenue recognition of Kashi Project.