Sheen Tai Holdings Group Company Limited announced that, based on the Company's preliminary review of the latest unaudited consolidated management accounts of the Group, the Group expects to record a substantial decrease in loss attributable to the equity owners of the Company for the year ended 31 December 2018 as compared with the loss attributable to equity owners of the Company for the year ended 31 December 2017. The Board considers that the expected significant decrease in loss was mainly due to the Group made an impairment loss of HKD 217.5 million in the subsidiaries mainly engaged in the cloud-related business during the year ended 31 December 2017 but such significant impairment loss is not expected to repeat in the Period. Other factors that may affect the Group's financial performance in the Period include the dramatic increase in costs of the raw materials for manufacturing of Biaxially Oriented Polypropylene films during the Period and most of the return from property development projects was realised in the year ended 31 December 2017.