Greater China Financial Holdings Limited provided earnings guidance for the year ended 31 December 2019. For the year, the Group expects to record a loss attributable to Shareholders of not less than HKD 200 million as compared to the net loss of approximately HKD 58.6 million for the year ended 31 December 2018. The expected increase in the net loss is mainly contributed by the following reasons: (i) an impairment loss on goodwill of approximately HKD 111 million in respect of the three cash generating units, namely the financing referral CGU, the financial guarantee CGU and the assets management CGU of the Group as the cash flow forecasts of these CGUs are revised downwards due to the economic slowdown in the PRC as well as Hong Kong; (ii) a provision for financial guarantees of approximately HKD 84 million in respect of the financial guarantees issued by the Group to the customers in the course of the financial guarantee services as total amount of financial guarantee issued increased; and (iii) an impairment loss, net of reversal of approximately HKD 18 million as the expected credit loss in the receivables increased.