Labixiaoxin Snacks Group Limited provided earnings guidance for the six months ended June 30, 2019. The board of directors of the company informed the shareholders of the company and potential investors that, based on the information currently available to the Board and the preliminary review of the unaudited management accounts of the Group, the net loss of the Group for the six months ended 30 June 2019 is expected to decrease by approximately 80% when compared with the net loss of RMB 52.7 million for the six months ended 30 June 2018. Such decrease is mainly attributable to an increase in the gross profit margin due to the Group having ceased the production of the majority of low margin items in 2018, and a decrease in advertising and promotion expenses.