Risecomm Group Holdings Limited provided earnings and impairment guidance for the year ended 31 December 2019. The Group may incur a net loss for the year ended 31 December 2019 as compared to a net profit for the year ended 31 December 2018.

The company announced after conducting preliminary impairment test and analysis, the Group may recognize impairment of goodwill arising from the Group's acquisitions of NM Technology and Green Harmony of no more than approximately RMB 216 million for the year ended 31 December 2019.