SinoMedia Holding Limited provided consolidated earnings guidance for the six months ended 30 June 2019. For the period, based on the preliminary assessment of the latest unaudited consolidated management accounts of the Group, the Group is expected to record a consolidated net loss for the six months ended 30 June 2019 as compared to the net profit recorded for the corresponding period in 2018. Based on information currently available, the expected net loss is mainly due to a significant decrease in revenue in the first half of 2019 as compared to the corresponding period in 2018 as a result of more cautious advertising spending of certain clients affected by the continuous weak environment and sentiments of the overall advertising market.