The board of directors of Value Convergence Holdings Limited informed the shareholders of the company and potential investors that based on a preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2018 and information currently available to the Board, the Group is expected to record a substantial increase in the unaudited consolidated loss attributable to shareholders for the year ended 31 December 2018 as compared to the same period 2017. The increase was mainly attributable to (i) increase in recognition of net realised and unrealised loss on financial assets held for trading as compared to the same period last year; (ii) share-based payment expense incurred pursuant share options by the company granted in January 2018; (iii) increase in recognition of impairment loss on certain accounts receivable as compared to the same period last year; (iv) imputed interest in convertible bonds issued by the company in January 2018 and June 2018; and (v) loss on acquisition of and unrealized loss on fair value change in convertible bonds issued by China Fortune Financial Group Limited acquired in January 2018.