Anchorstone Holdings Limited provided earnings guidance for the year ended December 31, 2019. The Group is expected to record a significant decrease in the net profit attributable to Shareholders by not more than 90% as compared with the net profit for the corresponding period in 2018. The Profit Decrease was mainly due to the following reasons: the decrease in gross profit margin due to the Group having taken up a significant supply and installation project during the year with a relatively low profit margin when compared with the existing projects, and the emergence of a significant number of variation orders in some of the stone supply and installation services projects undertaken by the Group; the quality inspection exercise for two stone sales projects not being able to be completed within 2019 and therefore the relevant revenue recognition has been postponed to 2020; the increase in legal and professional fee and non-audit services charges, which were mainly related a potential major transaction regarding an acquisition of the entire interest in a target company; and the increase in share based payment expenses for the share options granted during the year.