China Tonghai International Financial Limited provided group earnings guidance for the year ended 31 December 2019. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the information currently available to the Board, the Group expects the result for the year ended 31 December 2019 to be between a consolidated net profit of HKD 20 million and a consolidated net loss of HKD 20 million as compared to the consolidated net profit of approximately HKD 100 million for the year ended 31 December 2018. The significant reduction in profit was mainly attributable to an increase in the amount of provisions of the Group's portfolio of loans and bonds.