HKBridge Financial Holdings Limited announced Group earning guidance of the Group for the year ended 31 December 2019. For the year, the Group is expected to record an increase in its consolidated loss before taxation for the Relevant Year of approximately HKD 600 million as compared with the loss before taxation of approximately HKD 510 million for the prior financial year ended 31 December 2018. The Board considers that the expected losses were mainly due to (i) the substantial fair value losses arising from the adverse market price changes of the listed securities held by the Group at the fair value through its profit and loss, (ii) the impairment losses arisen as the result of the decrease in the market value of the treasury investments segment and financial services segment being affected by the current wide capital market fluctuations and (iii) the critical provision of losses due to the litigation on the overdue financial assistance provided by the Group during the Relevant Year. The Company is still in the process of assessing and ascertaining the recoverability of certain assets of the Group to finalize the unaudited consolidated annual results of the Group for the Relevant Year. The information contained in this announcement is available only based on the unaudited consolidated management accounts of the Group, which had not been audited or reviewed by the Company's auditors nor reviewed by the audit committee of the Company, and may be subject to further adjustments or amendments. Shareholders and potential investors are advised to read carefully the Group's annual results announcement for the Relevant Year, which is expected to be published by the end of March 2020.