The board of directors of San Miguel Brewery Hong Kong Limited informed the shareholders of the Company and potential investors that based on the preliminary review on the latest available unaudited management accounts of the Company and its subsidiaries (the Group), the Group is expected to incur a consolidated net loss for the year ended 31 December 2018 as compared to the net profit of the Group for the same period in 2017. The Board considers that the net loss is mainly attributable to the impairment losses of the Group's non-current assets.