Merdeka Financial Services Group Limited provided group earnings guidance for the year ended December 31, 2018. The board of directors of the company informed the shareholders of the company (the "Shareholders") and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2018 (the "Management Accounts"), it is anticipated that the Group will record a loss attributable to the Shareholders for the year ended 31 December 2018. Based on the information currently available, the loss attributable to the Shareholders was mainly attributable to, among others, the tightening fiscal policy and stricter lending conditions affected the financial leasing market in the People's Republic of China leading to the decrease in both turnover and gross margin; and the provision for impairment loss on other receivables.