Daohe Global Group Limited provided unaudited consolidated earnings guidance for the year ended December 31, 2019. For the year, the company expects that based on the preliminary assessment of the unaudited consolidated management accounts of the Company for the year ended 31 December 2019 and the information currently available to the Directors, an impairment loss of approximately USD 11.9 million in addition to the annual amortisation is expected to be recognised on the other intangible assets of the Group in relation to the technology platform (the "Technology Platform"). Based on the information available, the Board is of the view that the carrying amount of the Technology Platform shall be reduced to a minimal value and an impairment loss of approximately USD 11.9 million shall be recorded in the year ended 31 December 2019, and the Group is expected to record a total comprehensive loss of not more than approximately USD 18 million for the year ended 31 December 2019, subject to agreement with the Company's independent auditors. Such expected impairment loss is mainly ttributable to lower revenue from the live streaming businesses than forecasted for the second half of 2019. This was due to the challenging macro environment and economic slowdown in the People's Republic of China (the "PRC"). Besides, the popularity of live streaming and games has faded since the government imposed a new policy in 2018. Furthermore, the Group's online social platforms faced fierce competition within the industry, compounded by fast changing trends and tastes of users that adversely affected business performance and development prospects for the live streaming business. The aforementioned impairment loss on other intangible assets of approximately USD 11.9 million pertaining to the Technology Platform will be reported in the financial statements for the year ended 31 December 2019. The recognition of the aforesaid impairment loss has no effect on the cash flow of the Group. The expected total comprehensive loss of not more than approximately USD 18 million for the year ended 31 December 2019 represents approximately 79% decrease as compared to the total comprehensive loss of approximately USD 87 million for the year ended 31 December 2018. The expected decrease in total comprehensive loss was mainly attributable to the absence of non-cash mpairment loss on goodwill of approximately USD 66.5 million, which was recorded in the year ended 31 December 2018, and was partially offset by the lower revenue recorded in the year ended 31 December 2019 from both trading and supply chain management services business and online social platforms business of the Group. The information contained in this profit warning announcement is based on preliminary estimates by the management of the Company with reference to the consolidated management accounts of the Group for the year ended 31 December 2019 and the latest information available for the time being, which remain subject to finalisation and adjustment based on further updated information, and have not been reviewed or audited by the Company's independent auditors.