TL Natural Gas Holdings Limited provided preliminary unaudited consolidated earnings guidance for the three months ended 31 March 2019. For the period, the board of directors of the Company reported the shareholders of the Company and potential investors that, based on the preliminary assessment of the consolidated management accounts of the Group and information currently available to the Board, it is expected that the Group will record a significant decrease in the profit after tax of approximately RMB 1.2 million as compared with the corresponding period in 2018. Based on the information available to the Company immediately preceding the publication of this announcement, the Board believes that the decrease is mainly attributable to the increase in the cost of inventories sold which the impact cannot be passed on to customers on a timely basis due to the pricing guidelines imposed by Hubei Price Bureau and Jingzhou Price Bureau.