Innovax Holdings Limited provided group earnings guidance for the six months ended 31 August 2019. The board of Directors of the Company wishes to inform the shareholders of the Company and potential investors that, based on the preliminary review of the latest unaudited management accounts of the Group and other currently available information of the Group, the Group is expected to record a loss for the six months ended 31 August 2019 of approximately HKD 2.32 million as compared with a profit of the corresponding period in 2018 of approximately HKD 0.87 million. The expected loss was mainly attributable to the increase in staff cost and administrative and operating expenses after the listing of the Company's shares in 2018.