Million Cities Holdings Limited announced that the group is expected to record a loss for the six months ended 30 June 2019. The Board informed the Shareholders and potential investors that, based on the information currently available to the Company and the preliminary assessment of the latest consolidated management accounts of the Group for the six months ended 30 June 2019, the Group is expected to record a loss ranging from approximately RMB 11 million to RMB 17 million for the six months ended 30 June 2019. The turnaround from profit for the six months ended 30 June 2018 to loss during the six months ended 30 June 2019 was mainly attributable to the recognition of the remaining proceeds from the pre-sale properties of Million Cities Legend Phase 2 () and Crown Grand Court () which will take place during the second half of 2019 instead of during the six months ended 30 June 2019.