Asia Television Holdings Limited provided earnings guidance for the year ended December 31, 2019. For the year, the Group expected to record a substantial decrease in the unaudited consolidated loss attributable to owners of the Company as compared with the audited consolidated loss attributable to owners of the Company recorded in the corresponding period in 2018. The expected decrease in the unaudited consolidated loss attributable to owners of the Company was mainly attributable to (i) an absence of the recognition of impairment loss on goodwill of approximately RMB 114 million for the acquisition of Asia Television Limited and its subsidiaries as recognised in the same period last year; (ii) a decrease in share of loss of an associate and impairment of an associate of approximately RMB 209 million as compared to the same period of the last year; and (iii) a decrease in the cost of sales of approximately RMB 103 million as compared to the same period of the last year due to the adoption of stringent cost control measures.