PacRay International Holdings Limited provided earnings guidance for the six months ended 30 June 2019. For the period, it is expected that the Group's consolidated net loss recorded will be approximately HKD 8.7 million for the six months ended 30 June 2019, representing an increase as compared to the consolidated net loss of HKD 5.8 million for the six months ended 30 June 2018. The Board considers that such increase in consolidated net loss for the 2019 Interim Period was primarily attributable to the following three reasons during the interim period for the six months ended 30 June 2019: a decrease in gross profit due to the decreased purchasing quantity of the Group as a result of the tariff issue arising from the Sino-US trade war; an increase in costs as compared to the corresponding period of last year due to the deprecation of RMB and the settlement of the raw materials of the Company in US dollars; and an increase in management costs and a decrease in net profit as a result of the increase in the office rental, property fees, employee salaries and contributions to social security.