Kowloon Development Company Limited provided consolidated earnings guidance for the year ended December 31, 2019. The Group for the year ended 31 December 2019 and, despite the likely substantial decrease in profit attributable to shareholders of Polytec Asset Holdings Limited, a 70.8%-owned listed subsidiary of the Company, there was an increase in the recognition of sales and profit from the property development projects of the Group in Hong Kong, hence, the Group is expected to record a slight increase in profit attributable to shareholders of the Company for the year ended 31 December 2019 by not more than 15% as compared to that for 2018.