Doyen International Holdings Limited provided earnings guidance for the year ended December 31, 2019. Based on the unaudited consolidated financial statements of the Company, the board of directors of the Company informed the shareholders of the Company (the "Shareholders") and potential investors that the Company is expected to record a loss for the year of not more than HKD 90 million for the year ended 31 December 2019 as compared with the audited profit for the year of approximately HKD 28 million for the year ended 31 December 2018. Such decline is mainly attributable to the impairment losses on amounts due from a related company of approximately HKD 50 million and impairment losses on loan receivables of approximately HKD 23 million in relation to secured loans.