Tai Hing Group Holdings Limited provided earnings guidance for the year ended December 31, 2019. Based on its preliminary review on the relevant unaudited consolidated management accounts of the Group for the year ended 31 December 2019 and information currently available, it is expected to record a significant decrease in the profit attributable to the Shareholders for the Year as compared with that reported for the year ended 31 December 2018. It was mainly due to the following one-off and/or non-cash items: the effects of the application of Hong Kong Financial Reporting Standard 16 ‘Leases’ on the expenditures spent on the leases of the restaurants and other premises; the one-off listing expenses recognized for the Year; the absence of the one-off gain on disposal of non-current assets classified as held for sale recognized for last year, as disclosed in the Company's prospectus dated 30 May 2019; and unattained growth in the Group's profit amidst the much weakened market sentiment during the second half of the Year.