New Provenance Everlasting Holdings Limited provided consolidated earnings guidance for the year ended 31 March 2019. For the year, the company expected the board of directors of the company (the board) wishes to inform the shareholders of the company (the shareholders) and potential investors that based on the preliminary review on the unaudited management accounts of the Group for the year ended 31 March 2019 and the information currently available to the management, it is anticipated that the Group may record a net loss in the range between approximately HKD 68,000,000 and approximately HKD 72,000,000 for the year ended 31 March 2019 as compared to the net profit of HKD 233,976,000 for the corresponding period in 2018. The expected net loss is mainly attributable to (a) the decrease in sales and gross profit for sourcing and sale of metal minerals and related industrial materials due to the volatility of the global economy this year in tandem with the depreciation of Renminbi (RMB), which had a certain impact on the Group's customers and in turn affected the Group's sales and gross profit; and (b) the increase in net foreign exchange loss of the Group due to the depreciation in RMB against United States Dollars (USD) for the year ended 31 March 2019.