Mobile Internet (China) Holdings Limited provided group earnings guidance for the year ended December 31, 2018. The board of directors of the company informed the shareholders and potential investors of the Company that, based on the Company's initial assessment of the latest unaudited consolidated management accounts of the Group and the information currently available to the Company, the Group expects to record a significant increase in the loss attributable to owners of the Company for the year ended 31 December 2018 (the "Reporting Period"), as compared to that for the year ended 31 December 2017. The estimated loss for the Reporting Period has yet to include the potential impairment loss to be accrued for impairment of goodwill. Subject to adjustments for the impairment of goodwill, the substantial increase in the net loss is mainly attributable to, among other factors, the aggregate effect of the followings: the decrease in revenue and gross profit margin from packaging business due to the intense market competition and soaring raw material costs; and the sudden halt in the approval for publishing new online games from March 2018 to the end of 2018 by the State Administration of Press, Publication, Radio Film and Television of the PRC has restricted release of new games from March 2018 to the end of 2018. Without the release of new games, the revenue and profit from gaming business has been negatively affected.