The board of directors of Zioncom Holdings Limited announced that, based on the information currently available to the Board and the preliminary review of the latest unaudited consolidated management accounts of the Group for the year ended 31 December 2018, it is expected that the Group will record a significant net loss attributable to equity holders of the Company for the year ended 31 December 2018 as compared to that for the year ended 31 December 2017. The Board considers that the expected result is primarily attributable to (a) the impact of the challenging global economic environment due to the uncertain global trade prospects and the weak performance of the global economy; (b) selling expenses related to overseas market development; and (c) administrative expenses of the Group.