Labixiaoxin Snacks Group Limited provided earnings guidance for the six months ended June 30, 2019. It is expected that a fair value loss of approximately RMB 47 million would be recognised during the six months ended 30 June 2019 on the Disposal when it is classified as held for sale. As a result of the recognition of such fair value loss arising out from the Disposal, it is expected that the net loss position of the Group for the six months ended 30 June 2019 will be different to the position as disclosed in the Announcement. Based on currently available information, it is expected that the net loss position of the Group will be further deteriorated as compared to the six months ended 30 June 2018 correspondingly.