Apex Ace Holding Limited provided financial guidance for the year 2019. For the year, the company expected to record a net loss attributable to shareholders of the Company for the Year within a range of HKD 7.0 million to HKD 15.0 million as compared to the net profit attributable to Shareholders of HKD 22.6 million for the year ended 31 December 2018. The expected loss was primarily attributable to: (i) the significant drop in sales revenue of the Group to approximately HKD 1,949.2 million (sales revenue for the Last Year: HKD 3,717.6 million), representing a decrease of approximately 47.6%, which was mainly due to a reduction in the number of purchase orders received by the Group and deteriorated market conditions driven by the ongoing US-China trade war; (ii) the recognition of an impairment loss arising from the loss allowance on the expected credit losses of the Group's trade receivables, (iii) an expected provision for impairment in the Group's inventory resulting from a drop in the net realisable value of certain portion of the inventory of the Group, and (iv) increase in distribution and selling expenses.