Million Cities Holdings Limited provided preliminary consolidated earnings guidance for the nine months ended 30 September 2019. The board of directors of the company informed the shareholders of the company and potential investors that based on the preliminary assessment of the latest consolidated management accounts of the Group for the nine months ended 30 September 2019 and the information currently available, as compared to a profit of approximately RMB 77.8 million recorded for the year ended 31 December 2018, the Group is expected to record a loss for the year ending 31 December 2019.