Denox Environmental & Technology Holdings Limited provided group earnings guidance for the full year ended December 31, 2018. The board of directors of the company inform the shareholders of the company and potential investors that, based on the preliminary review and assessment of the unaudited consolidated management accounts of the group for the year ended 31 December 2018 and the information currently available to the Board, the Group is expected to record a significant decrease in the loss attributable to the Shareholders for the year ended 31 December 2018 by approximately 60% as compared to that for the year ended 31 December 2017. Such decrease is primarily attributable to he reduction in gross loss as a result of the increase in the selling price and sales volume of plate-type DeNOx catalysts and reversal of provision for inventory write-down; the reversal of provision for impairment of receivables due to the receipt of long outstanding debts; the decrease in the impairment losses of property, plant and equipment and intangible assets; and the increase in foreign exchange gains mainly from assets denominated in Hong Kong dollars and United States dollars due to the depreciation of Renminbi.