FDG Electric Vehicles Limited provided earnings guidance for the year ended 31 March 2019. For the year, the Group is expected to record a significant decrease in revenue of approximately 60% to 70% for the year ended 31 March 2019 (the "Current Year") as compared with the corresponding year ended 31 March 2018. Such decrease in revenue was mainly attributable to (i) exclusion of sales from lithium-ion batteries due to the intention to dispose of the battery business which was classified under discontinued operation; (ii) the decrease in sales of electric vehicles in the domestic market; and (iii) the decrease in sales of cathode materials for nickel-cobalt-manganese lithium-ion batteries, as compared with that in the last financial year.