ArtGo Holdings Limited provided consolidated earnings guidance for the full year ending December 31, 2018. The board of directors of the Company informed the shareholders of the company and potential investors that, based on the information available to the Board, there would be a significant consolidated net loss of the Group for the year ended 31 December 2018 as compared to a consolidated net profit of approximately HKD 7.8 million recorded by the Group for the year ended 31 December 2017. Such result was primarily attributable to the followings: the significant decline in overall revenue of the Group by approximately 58% as a result of a decrease in the revenue generated from the commodities trading segment by approximately 60% as compared to 2017. The increase in finance costs of the Group of approximately RMB 21 million mainly due to the impact of a full year interest expense recognized this year arising from an interest-bearing financing incepted in late 2017; the increase in administrative expenses of the Group, mainly due to the equity-settled share option expense (which was non-cash in nature) of approximately RMB 36 million being recognized this year; the recognition of impairment loss on goodwill of approximately RMB 19 million in relation to the Group's logistics services business; the recognition of impairment provisions made for the trade and other receivables of the Group of approximately RMB11 million which is mainly attributable to the application of new impairment methodology based on the ``expected credit losses model'' upon adoption of the IFRS 9 Financial Instruments'' this year; and the recognition of impairment loss on the fair value of the Group's intangible assets relating to the mining rights held by the Group.