Elife Holdings Limited provided consolidated earnings guidance for the year ended March 31, 2019. The company group shall record a significant decrease in revenue of approximately HKD 63 million for the year ended 31 March 2019 as compared to that for the year ended 31 March 2018 and a loss for the year of an amount comparable to that of the previous year. The expected decrease in revenue of approximately HKD 63 million was mainly attributable to the following factors: (i) the unfavourable market conditions and longer receivable aging affected by the unfavorable macro-economic environment and thus the available cash for trading also decreased accordingly; and (ii) the number of customers decreased as compared with the previous year following the Group's exercise of credit risk controls on customers' receivables collection and reduction of volumes of trading with slower-paying customers. The loss for the year was mainly due to the provision of impairment on other receivables, subject to further review by the auditors. The possible impairment loss is a non-cash accounting treatment made in accordance with Hong Kong Financial Reporting Standards and it will have no effect on the cash flow for the Group's operations.