Samson Holding Ltd. provided earnings guidance for the year ended December 31, 2019. The Group expected to record a loss for the year 2019. The Board considers such expected loss was primarily attributable to the increase in trade tariff imposed by the United States on certain People's Republic of China exported goods from 10% to 25% in 2019 which led to (i) a decrease in sales of approximately 4.5% as compared with 2018; and (ii) a non-cash impairment on property, plant and equipment of approximately $42.0 million in a PRC subsidiary due to decrease in its production capacity. In view of the above, the Group expected to record a loss of approximately $45.0 million for the Year as compared with a profit of $17.9 million for the corresponding year in 2018.