SMIT Holdings Limited provided earnings guidance for the year ended 31 December, 2019. According to the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019, the Group expects to record a net profit of no less than USD 10 million. The net profit for the corresponding period in 2018 was USD 1.3 million. The increase in net profit is mainly attributable to an one-off gain of no less than USD 20 million on the deemed disposal of the equity interests in S2C Shanghai Co. Ltd. completed during the year.