Zhong Hua International Holdings Limited provided group earnings guidance for the year ended December 31, 2019. For the year, the group is expected to record a net loss (before taxation) of not less than HKD 75 million as compared to the audited net profit (before taxation) of HKD 69.4 million for the year ended 31 December 2018. The estimated loss is primarily attributed to the following causes: a revaluation deficit of approximately HKD 78 million (provisional figure) arising from the Group's investment property portfolio, all of which located in Mainland China, for fiscal year 2019 after taking reference to the preliminary valuation appraised by independent professional property valuers (the "Valuers") as compared to the revaluation surplus of HKD 53.5 million (audited figure) recorded for fiscal year 2018; and the Group's rental income dropping from HKD 51.3 million (audited figure) for fiscal year 2018 to approximately HKD 42 million (provisional figure) for fiscal year 2019 due to the demolition of a 2-storey non-permanent commercial podium in Guangzhou in August 2019, details of which are disclosed in the Company's interim report for the six months ended 30 June 2019.