Auto Italia Holdings Limited provided consolidated earnings guidance for the ten months ended 31 October 2019. The company announced that the revenue of the group decreased and the loss before income tax of the Group widened for the ten months ended 31 October 2019 as compared to the corresponding period in 2018. The unaudited revenue of the Group for the ten months ended 31 October 2019 is approximately HKD 206 million as compared to approximately HKD 289 million for the corresponding period in 2018, and the unaudited loss before income tax of the Group for the ten months ended 31 October 2019 is approximately HKD 8 million as compared to approximately HKD 1 million for the corresponding period in 2018. Such loss is primarily attributable to the decline in revenue of the car division due to uncertain economic environment and weak market sentiment owing to continuing social unrest in Hong Kong. It is expected that the operating environment for the rest of the year remains challenging.