Neo-Neon Holdings Limited provided consolidated earnings guidance for the six months ended June 30, 2019. For the six months, the company expects that the profit attributable to owners of the company for the six months ended 30 June 2019 will decrease by around 70% from RMB 37.8 million for the six months ended 30 June 2018. Such decrease was primarily due to a combination of the following reasons: a substantial decrease in foreign exchange gains by approximately RMB 19 million for the six months ended 30 June 2019 as compared to the six months ended 30 June 2018; and increased finance costs of approximately RMB 9.2 million due to loans granted by the ultimate holding company Tsinghua Tongfang Co. Ltd. for payment for the land grant fee of Tongfang Science and Technology City in December 2018.