Steve Leung Design Group Limited provided group earnings guidance for the Year Ended 31 December 2018. Based on the information currently available to the company and the board's preliminary assessment of the latest unaudited consolidated management accounts of the group for the eleven months ended 30 November 2018, the group is expected to record a drop in net profit for the year ended 31 December 2018 in the range of 15% to 25%, as compared to that for the year ended 31 December 2017. The Board considers that the aforesaid drop in net profit was mainly caused by the macroeconomics atmosphere following the implementation of property market cooling measures in the PRC and the Sino-US Trade War, which resulted in fewer interior design project awarded to the group than expected during the second half of the year of 2018; the slowdown of demand from high-end customers and the intensified market competition during the second half of year of 2018; the increase in staff cost; the increase in rental for the expanded office premises; the increase in marketing expenses; the one-off incurrence of listing expenses; and (vii) the listing maintenance expenses.