Rare Earth Magnesium Technology Group Holdings Limited provided group earnings guidance for the year ended December 31, 2018. For the year, the company expected to record a significant increase in the earnings of the group for the year ended 31 December 2018 as compared to that of the Group for the year ended 31 December 2017, which is mainly attributable to the increase in overall production and sale, and the improved cost effectiveness driven by the advancement of its production processes. In addition, the disposal of the electronic business was completed in the latter half of 2018 and such disposal contributed extraordinary earnings to the profit for the year.