Harbour Centre Development Limited provided group earnings guidance for the year ended 31 December 2019. The Board of Directors of the Company wish to advise shareholders and investors that the Group's profit attributable to equity shareholders for the year ended 31 December 2019 is anticipated to decline by more than 80% as compared to 2018. In addition to the weak performance of the hotels and investment properties in the second half of 2019 amid deteriorating market conditions, this unfavourable result was also caused by unrealized losses on the revaluation of Hong Kong investment properties and a hotel in Mainland China.