Freetech Road Recycling Technology (Holdings) Limited provided earnings guidance for the year ended 31 December 2019. For the year, the Group is anticipated to record a profit attributable to owners of the Company (the "Net Profit") of approximately HKD 5 million for the year ended 31 December 2019, as compared to a loss attributable to owners of the Company (the "Net Loss") of approximately HKD 139 million for the year ended 31 December 2018. The expected Net Profit for the year ended 31 December 2019 is mainly attributable to the following factors: the increase in the revenue of asphalt pavement maintenance (the "APM") equipment segment in 2019 due to the more revenue contributed from the new product range of the Group; the decrease in the revenue of the "Hot-in-Place" projects of the APM services segment due to the decrease in the total area serviced of the "Hot-in-Place" projects in 2019 as the Group has delayed some of the road maintenance projects until the customers' funds for these projects are officially in place in order to reduce the operational cash flow risk of the Group; and the Group is anticipated to record a reversal of impairment of trade receivables and contract assets for the year ended 31 December 2019 due to collection of these outstanding balances had improved in 2019 after President Li Kejiang has emphasized the settlement of overdue debts of local government to private enterprises during the State Council Executive Meeting of the People's Republic of China on 30 January 2019.