PINE Technology Holdings Limited provided earnings guidance for the year ended June 30, 2019. The board of directors of the company announced that the shareholders of the company and potential investors that, based on the information currently available to the company and the preliminary review of the latest unaudited consolidated management accounts of the Group for the year ended 30 June 2019, the Group is expected to have a material increase in net loss, as compared to the corresponding year in 2018. The anticipated increase in net loss is mainly due to the material decrease in turnover and gross profit which turned from positive gross profit margin in Fiscal Year 2018 to a negative gross profit margin in Fiscal Year 2019.