Ajisen (China) Holdings Limited provided earnings guidance for the year ended December 31, 2019. The board of directors of the Company announced that, based on the unaudited consolidated management accounts of the Group for the year ended 31 December 2019, it is expected that the Group may record a decrease of approximately 50% to 70% in net profit for the year ended 31 December 2019 as compared to the net profit recorded in the amount of approximately RMB 565,340,000 for the same period in 2018. The Company considers that the drop in the net profit of the Group for the year ended 31 December 2019 is mainly due to the following: the effects of the application of the Hong Kong Financial Reporting Standard 16 "Leases" (effective for the accounting period beginning from 1 January 2019) on expenditure; the rise in pork price during the year of 2019 as compared with 2018; and the one-off gain on investment recorded for the year ended 31 December 2018.