Hope Life International Holdings Limited provided group earnings guidance for the year ended December 31, 2019. The board of directors of the company inform the shareholders of the company and potential investors that based on preliminary review of management accounts of the group, the group expected to record a net profit not less than HKD 7 million for the year ended 31 December 2019 as compared to the net loss amounted to HKD 16.6 million for the year ended 31 December 2018. Based on the relevant information currently available to the company, the Board considers that the expected turnaround from net loss to net profit of the Group was mainly due to the disposal of subsidiaries (including the disposal of subsidiary as disclosed on the announcement of the Company dated 23 January 2019) and the decrease in administrative expenses.