Sheng Ye Capital Limited provided consolidated earnings guidance for the six months ended June 30, 2018. For the period, it is expected that the Group may record a significant increase in profit for the six months ended 30 June 2018 by approximately 320% as compared to that for the corresponding period in 2017. The expected increase was primarily attributable to: (i) the expected increase in income of factoring service; (ii) the increase of the gain on sales of factoring assets; and (iii) the receipt of government subsidies from local government under the incentive policy for investment in factoring and other financial business in Tianjin city.