MEIGU Technology Holding Group Limited provided earnings guidance for the first quarter ended March 31, 2019. The company group is expected to record a profit for the three months ended 31 March 2019 as compared to the loss recorded for the corresponding period in 2018. The Board believes that the aforesaid turnaround from loss to profit was mainly attributable to the improvement in the gross profit margin of the products sold by the group and the conscientious effort taken by the management in controlling the operating expenses of the group during the three months ended 31 March 2019.