LVGEM (China) Real Estate Investment Company Limited provided preliminary consolidated earnings guidance for the year ended December 31, 2019. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2019 and the information currently available to the management, the Group is expected to record an increase in the net profit attributable to the owners of the Company by not less than 35% as compared with the previous year. Such increase was mainly due to (i) a robust growth in revenue and gross profit from the segment of real estate development and sales; and (ii) an increase in the fair value of the investment properties of the Group.