Baguio Green Group Limited provided unaudited earnings guidance for the year ended December 31, 2019. The company group's profit is expected to substantially decline for the year ended 31 December 2019 as compared to the year ended 31 December 2018. Such substantial decline in the Group's profit was mainly attributable to (i) the increase in labour costs of the Group's business operations due to the competitive labour market; (ii) the decrease in volume in collection of waste glass containers due to temporary suspension of collection services and reduced outdoor consumer activities as a result of the social unrest and mass street protests in Hong Kong in the second half of the year ended 31 December 2019; and (iii) progress delays of the Group's landscaping projects. Despite the expected decline in profit, the Group's business is stable and financial situation remains solid and sound.