China Green (Holdings) Limited provided earnings guidance for the six months ended 31 October 2019. The board of directors of the Company informed the shareholders of the company and potential investors that, based on information currently available to the Board and the preliminary review on the Group's unaudited consolidated management accounts for the six months ended 31 October 2019, the loss attributable to owners of the company for the Period is expected to record an increase ranging from 60% to 70% as compared to the loss attributable to owners of the Company of approximately RMB 99,474,000 for the six months ended 31 October 2018. The Board considers that such increase in loss was mainly attributable to the following items: a) the gain arising from changes in fair value less costs to sell of biological assets turns to a loss for the Period, due to the decrease of projected yields on some fresh produce such as broad beans and lotus roots, and lower market price on some vegetables such as tomatoes compared with the price of the Previous Period; and b) the increase in selling and distribution expenses which is mainly due to the increase in expenses on off-line exhibition and on-line advertising and promotion for the branded food products and other businesses, including the newly launched rice flour product, for the purpose of boosting the sales in the short-run and bringing positive long-tail influence on the brand development of the Group.