The board of directors of the PanAsialum Holdings Company Limited informed shareholders of the Company (the Shareholders) and potential investors that based on its preliminary assessment of the information currently available, the company is expected to record in loss before income tax in the consolidated financial results of the Company for the year ended 31 December 2019 of approximately HKD 459 million, an increase of 119%, as compared to the loss before income tax of approximately HKD 209 million for the corresponding period in 2018.