i.century Holding Limited provided consolidated earnings guidance for the first quarter ended June 30, 2019. The board of directors of the company inform the shareholders of the company and potential investors that, based on the information currently available to the company and the preliminary review of the unaudited consolidated management accounts of the Group for the three months ended 30 June 2019, it is expected that the Group would record a decrease in its revenue and sales volume by approximately 9.3% and 58,000 pieces respectively for the Period, which resulted in a loss attributable to the owners of the Company of not less than HKD 5.4 million for the Period as compared to the profit attributable to the owners of the company (excluding the non-recurring listing expenses) of approximately HKD 2.5 million for the corresponding period in 2018. Such loss was mainly attributable to: the decrease in revenue, gross profit and gross profit margin of the Group, which was mainly attributable to: customers in the United States of America ("U.S.") shifting towards a more conservative procurement approach due to recent trade disputes between the People's Republic of China ("PRC") and the U.S., which resulted in a decrease in sales volume; the restructuring of certain major customers in France which resulted in a change in their business strategy to procure from factories outside of the PRC, which had led to a decrease in sales volume; and a higher procurement cost due to the decrease in production quantity, which the Group was unable to fully externalize such increased costs to its customers; and the increase in administrative expenses mainly due to the salary increment on existing staff for exploring opportunities to diversify the Group's manufacturing bases in various countries.