Panda Green Energy Group Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2019. For the year, the company expected to record a consolidated net loss of around RMB 3,600 million for the year ended 31 December 2019 as compared to the consolidated net loss of approximately RMB 454 million for the corresponding period in 2018. Nevertheless, the Group expects its overall results for the Year may still record a loss. The reasons for the expected loss were mainly attributed to: impairment charge on intangible assets in the annual impairment assessment; loss on disposal of certain subsidiaries; impairment charge on property, plant and equipment; impairment charge on certain receivables; and fair value loss on financial instruments.