Mayer Holdings Limited provided earnings guidance for the year ended 31 December 2018. For the year, the group is expected to record a net loss, which increased significantly by not less than 300% as compared with the net loss recorded for the year ended 31 December 2017. Such increase in net loss was primarily attributable to an impairment loss on long term receivables recorded in fiscal year 2018, amounted to approximately RMB 50 million.