China Information Technology Development Limited provided group earnings guidance for the six months ended June 30, 2019. The Group expects to record a loss of not less than HKD 45 million for the six months ended 30 June 2019 as compared to the loss of approximately HKD 3 million for the corresponding period in 2018. Based on the information available to the Company immediately preceding the publication of this announcement, the Board believes that the loss is mainly attributable to the fair value loss on the investment properties of approximately HKD 35 million and recognition of equity-settled share-based payment for the share options granted on 21 June 2019 of approximately HKD 10 million.