News: Lingnan Holdings (Lingnan shares) announced that it is estimated that the net profit attributable to the shareholders of the listed company in the first three quarters of 2019 will be 235 million-250 million yuan, an increase of 45.07% - 54.33% year-on-year; among them, the net profit attributable to the shareholders of the listed company in the third quarter will be 55 million-70 million yuan, an increase of - 10.98% - 13.29% year-on-year.

In the first three quarters of 2019, the company's expected net profit attributable to shareholders of listed companies increased by 45.07% - 54.33% over the same period of last year, mainly due to:

1. In the first three quarters of 2019, the company continued to strengthen strategic guidance, accelerate national layout, increase investment in R & D and innovation, add new momentum to development, speed up new product iteration, optimize business structure, make efforts to sink channels, promote industrial integration, control cost and expense, and achieve double growth of main business income and profit with quality. In addition, the effect of the company's national layout and M & A expansion continues to show. Wuhan feitu Holiday International Travel Agency Co., Ltd. and Sichuan New Territories International Travel Agency Co., Ltd. acquired by the company in the previous year were in good operating condition during the reporting period, which had a positive impact on the company's performance growth.

2. In order to fulfill the commitments of the controlling shareholder Guangzhou Lingnan International Enterprise Group Co., Ltd. ("Lingnan group") in the major asset restructuring, the company agrees to the holding subsidiary of the company in accordance with the special assets appraisal report on real estate involved in the proposed asset transfer of Guangzhou guangzhilv International Travel Agency Co., Ltd. issued by Guangdong Lianxin assets appraisal land and Real Estate Appraisal Co., Ltd Guangzhou guangzhilv International Travel Agency Co., Ltd. sells four properties located in no.1-9 office building, No.11 office building, No.13 office building and no.1-13 basement of Lejia Road, Baiyun District, Guangzhou city to Guangzhou Livestock Industry Co., Ltd., a wholly-owned subsidiary of Lingnan group, according to the appraisal value of RMB 174888450. According to the relevant accounting standards, the company will deduct the relevant taxes and the net book value of the real estate transaction and record them into the asset disposal income account in February 2019. The impact of this transaction on the company's non recurring profit and loss in 2019 is RMB 68.76 million.