The board of directors of Excalibur Global Financial Holdings Limited informed the shareholders of the company and potential investors that, based on the preliminary review and analysis of the unaudited financial information of the group for eight months ended 31 August 2019, the Group is anticipated to record a loss attributable to equity shareholders of the Company for the nine months ending 30 September 2019 as compared to a profit attributable to equity shareholders of the Company of approximately HKD 13.8 million for the nine months ended 30 September 2018. The Board attributed such deterioration in financial performance primarily to the expected decrease in brokerage commission from futures and options broking of the Group from approximately HKD 37.6 million for the nine months ended 30 September 2018 to roughly HKD 18.2 million for the nine months ending 30 September 2019.