U Banquet Group Holding Limited provided earnings guidance for the year ended December 31, 2019. The group expected to record a loss attributable to the equity holders of the company within a range of HKD 65.0 million to HKD 75.0 million for the year, as compared to a loss attributable to the equity holders of the company of approximately HKD 27.3 million for the year ended 31 December 2018. Such increase in loss was mainly attributable to the decrease in the revenue from Chinese restaurant operation from approximately HKD 374.7 million for the year ended 31 December 2018 to approximately HKD 232.4 million for the Year due to the following reasons: the more challenging business environment resulting from various uncertainties, including the considerable decline in visitors since June 2019, and increasing tension of the China-US trade war; and the weak consumer sentiment caused by the social unrest in Hong Kong since June 2019.