Vongroup Limited provided unaudited consolidated earnings guidance for the year ended 30 April 2019. For the year, the company expected that the Group will record a decrease in profit for the year in its annual results for the year ended 30 April 2019 (the "Annual Results") as compared to the profit that was recorded for the previous year, mainly due to the unrealised gain that arose from the change in fair value of portfolio of investment properties being a lower gain this year (approximately HKD 15 million gain) than it was last year (approximately HKD 36 million gain). The decrease in profit for the year, which constitutes profit warning and Inside Information, the Group also expects to record an increase in revenue for the year, continuing turnaround during the year ended 30 April 2018, and a decrease in total comprehensive income for the year. The decrease in total comprehensive income for the year, as compared to last year, is mainly due to changes in fair value of financial assets at fair value through other comprehensive income, and which are items that will not be reclassified to profit or loss, pursuant to recent adoption of Hong Kong Financial Reporting Standard 9 (a reduction in such fair value by approximately HKD 17 million). The unrealised valuation changes referred in this announcement are non-cash items, and do not affect the Group's daily operations and cash flow.