The board of directors of Ruixin International Holdings Limited informed the shareholders of the Company and potential investors that the Group is expected to report an estimated loss of around HKD 59.0 million for the year ended 31 December 2019 (the "Reporting Period"), as compared with the loss of approximately HKD 85.9 million for the year ended 31 December 2018 (the "Corresponding Period"). The estimated loss for the Reporting Period has yet to include the potential provision on expected credit loss ("ECL") from trade receivables based on the ECL model valuation and the impairment assessment of right-of-use assets, property, plant and equipment pending valuation of these assets (the "Potential Provision").