China Energy Development Holdings Limited provided preliminary consolidated earnings guidance for the year ended 31 December 2019. The board of directors of the company inform the shareholders of the company and potential investors that based on a preliminary review of the unaudited consolidated management accounts of the company and its subsidiaries and information available to the company, the Group is expected to record a loss for the year ended 31 December 2019 as compared to the profit for the year ended 31 December 2018. This is principally due to the non-recurrence of the one-off revenue recognition in the fiscal year of 2018 of natural gas sales for the years 2009-2017, resulting in over 65% decrease in the revenue in the fiscal year 2019.