M&L Holdings Group Limited provided earnings guidance for the nine months ended September 30, 2018. The board of directors of the Company announced that, based on the information currently available to the Board, the Group is expected to record a loss for the nine months ended 30 September 2018. The Board considers that the loss for the Period was mainly due to a decline in revenue of not less than 25% as compared with that of corresponding period of 2017; and exchange loss arising from the continuing depreciation of the Renminbi and Australian dollar during the Period. The decline in revenue was mainly attributable from (a) no new tunnel boring machine ("TBM") tunneling projects being staged recently in Hong Kong; (b) the keen competition in the PRC market, especial y for the supply of cutting tools to tunneling equipment manufacturers; and (c) the new TBM tunneling projects in Singapore having not yet been commenced.