China Partytime Culture Holdings Limited provided earnings guidance for the six months ended June 30, 2019. The Group is expected to record a loss attributable to equity shareholders of the Company for the six months ended 30 June 2019 as compared with a profit recorded for the corresponding period in 2018. The Board considers that the aforesaid turnaround from profit to loss position was primarily attributable to the impairment loss recognized on property, plant and equipment of the Group as a result of the significant drop in the turnover under the prolonged trade disputes between China and the United States and the uncertainty of the outcomes of the Sino-American trade negotiation.