Sansheng Holdings (Group) Co. Ltd. provided earnings guidance for the year ended December 31, 2018. For the year, the company expects to record a significant increase in loss attributable to the equity shareholders of the Company. The increase is mainly due to the fact that the majority of the land development projects newly explored by the Group were under construction and/or pre-sale stages and conditions to recognition of Revenues were not satisfied and certain operating costs during the year were not offset by correspondent revenues. In the meantime, as the exchange rate of Renminbi against the US dollar declined during the year, the issuance of bonds in an amount of USD 135 million for the year resulted in increases in both exchange losses and financing costs, and the decrease in the market value of financial assets held by the Group further contributed to the increase in losses attributable to equity shareholders of the Company. Nevertheless, the Board is of the view that the overall operation of the Group was satisfying and its financial position maintained stable and healthy in 2018, with total assets amounting to approximately RMB 10 billion while substantial property sales revenue and rental Revenues were achieved during the year.