China Evergrande Group provided group earnings guidance for the six months ended 30 June 2019. The board of directors of the company announced that, based on the information currently available to the management, the Group expects that there will be a decrease in the net profit and the net profit from the core business of the Group for the six months ended 30 June 2019. Of which, the net profit is expected to be approximately RMB 27 billion, a decrease of approximately 49% from that of the same period last year, and the net profit from the core business is expected to be approximately RMB 30 billion, a decrease of approximately 45% from that of the same period last year. The contracted sales of the Group for the period was comparable to the same period last year. The decrease in profit is mainly attributable to the decrease in the floor area of properties delivered in the first half of the year.