Beijing Jingcheng Machinery Electric Company Limited provided earnings guidance for the year ended December 31, 2019. Upon the preliminary calculation of the financial department, the Company is expected to continue to record a loss in operating results of 2019 and the net loss attributable to the shareholders of the Company is approximately RMB 135 million to RMB 115 million, with the loss increasing by approximately RMB 41 million to RMB 21 million as compared to the same period of last year. The net loss attributable to the shareholders of the Company after deducting the non-recurring profits and losses is approximately RMB 136 million to RMB 116 million, with the loss increasing by approximately RMB 26 million to RMB 6 million as compared to the same period of last year.