China Fortune Holdings Limited provided earnings guidance for the full year ended December 31, 2019. For the period, the Group is expected to record a loss not less than HKD 21.8 million for the year ended 31 December 2019 as opposed to the profit of approximately HKD 10.3 million for the year ended 31 December 2018. The Board considers that the turnaround from profit to loss is mainly attributable to the decrease in revenue recorded by the Group as a result of its declining business performance for the year ended 31 December 2019; the recovery of bad debts of HKD 14.1 million for the year ended 31 December 2018, while there is no such recovery of bad debts for the year ended 31 December 2019, and the write back of interest payables of HKD 11.9 million for the year ended 31 December 2018, while there is no such write back of interest payables for the year ended 31 December 2019.