Tourism International Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2018. The group is expected to record a substantial increase in net profit after tax for the six months ended 30 June 2018 as compared with the same period of last year. The net profit after tax for the six months ended 30 June 2018 will range from approximately RMB 16.3 million to approximately RMB 20.3 million, representing an increase of approximately RMB 13.4 million to RMB 17.4 million, as compared to the net profit after tax of approximately RMB 2.9 million for the six months ended 30 June 2017. The aforesaid increase in net profit after tax is mainly due to (1) increase in gross profit as a result of an increase in sales generating from paper cigarette packages segment during the six months ended 30 June 2018; and (2) the recognition of fair value gain on convertibles notes of approximately RMB 8.4 million during the six months ended 30 June 2018.