Top Standard Corporation provided preliminary earnings guidance for the three months ended 30 June 2019. Group is expected to record a net loss for the three months ended 30 June 2019. It is noted from the unaudited consolidated management accounts of the Group certain unfavourable factors for the year ended 31 March 2019 as set out in the Company's announcement and annual report dated 26 June 2019, namely the increase in the cost of raw materials and the additional staff cost of the Group due to the effect of the opening of new restaurants continued to affect the Group's profitability during the Reporting Period. Based on the unaudited consolidated management accounts of the Group, the cost of raw materials and staff cost for the Reporting Period increased by more than 5% and 20% respectively when compared with the same period last year. In addition, the net loss of the Group for the Reporting Period was partially attributable to the closure of restaurants in Coda Plaza and relocation of the staff to other restaurants of the Group which increased the staff cost in those restaurants. With the accumulated effect of the above factors, the Group is expected to record a net loss for the Reporting Period.