I.T Limited provided unaudited consolidated earnings guidance for the six months ending 31 August 2019. The Board of directors announced that based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group for the period ended 30 June 2019 and up to date operational data, the Board expects that the Group may record a net loss for the six months ending 31 August 2019, as compared to a net profit for the six months ended 31 August 2018. In view of the various geopolitical and macroeconomic challenges such as the Sino-US trade tensions and the recent social instability in Hong Kong, the Group offers extra discounts to increase sales and reduce inventory. This leads to decline in gross margin and earnings in several of operating regions such as Hong Kong and Mainland China. Yet as at the date of this announcement, the Group's financial position is healthy.