Beijing Media Corporation Limited reports unaudited consolidated earnings results for the six months ended June 30, 2018. For the six months, the company reported total operating revenue was RMB 162,637,000 against RMB 197,925,000 reported a year ago. Operating loss was RMB 227,815,000 against RMB 41,789,000 reported a year ago. Net loss attributable to shareholders of the company of the company was RMB 224,806,000 or RMB 1.14 per basic and diluted share against RMB 39,513,000 or RMB 0.20 per basic and diluted share reported a year ago. Capital expenditures, including expenditures on office equipment and intangible assets were RMB 427,000 against RMB 3,772,000 a year ago. Net cash flows used in operating activities was RMB 121,767,000 against RMB 114,333,000 reported a year ago. Cash paid to acquire fixed assets, intangible assets and other long-term assets was RMB 109,000 against RMB 678,000 reported a year ago.

The Group expects that capital expenditures for the second half of 2018 will mainly comprise expenditures consistent with business strategies of the Group.