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Marcus Fraser, who led going into the final round, suffered a miserable 31st birthday as he carded a four-over 77 which included five bogeys.
CNN: 'Axeman' cuts winning figure in Malmo
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Marcus Fraser, a partner at April's China Open where Guan, then 13, became the youngest competitor in a European Tour event said he could see him rising "pretty comfortably" to the world's top 10.
WSJ: A Master Class
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Frenchman Gonnet carded 70 to be in a tie for fourth on 203 with Sweden's Alexander Noren -- who carded 10 birdies in his 63 -- South African George Coetzee (64), Spain's Ignacio Garrido and Australian Marcus Fraser, who both shot 67.
CNN: Grace's golden form continues in China