Speedy Global Holdings Limited provided operating results guidance for the six months ended June 30, 2018. The board of directors of the Company hereby informs the shareholders of the Company and potential investors that, based on the information available to the Board, it is expected that there would be a significant deterioration in the operating results of the Group for the six months ended 30 June 2018 as compared to the six months ended 30 June 2017. Such result was primarily attributable to the reduction of revenue generated from the apparel supply chain servicing business from approximately HKD 511.0 million for the five months ended 31 May 2017 to approximately HKD 344.6 million for the same period in 2018. Such decrease was mainly attributable to the intense competition in the apparel supply chain market which resulted in the decline in the sales of apparel products.