Starlight Culture Entertainment Group Limited provided unaudited consolidated earnings guidance for the year ended 31 December 2019. The board of directors of the Company expects to record an unaudited consolidated net profit attributable to owners of the Company of approximately HKD 116 million for the year ended 31 December 2019 as compared to an unaudited consolidated net loss attributable to owners of the Company of approximately HKD 50 million for the year ended 31 December 2018. The Board considers that the improvement in the overall performance of the Group was mainly attributable to the followings: the increase in gross profit of approximately HKD 187 million; the increase in income tax expenses of approximately HKD 33 million; the decrease in operating expenses, administrative expenses and finance costs totaling approximately HKD 83 million, and the decrease/reversal of impairment losses totaling HKD 90 million, however, the decreases in these expenses/losses were offset by the following three factors: the losses on change in fair value of relevant financial liabilities were approximately HKD 12 million for the year ended 31 December 2019, while the gains on change in fair value of relevant financial liabilities were approximately HKD 128 million for the year ended 31 December 2018; the decrease in other income of approximately HKD 16 million; and the decrease in share of loss by the non-controlling interest of approximately HKD 5 million.