Sage International Group Limited provided earnings guidance for the three months ended March 31, 2019. The Group is expected to record significant increase in loss attributable to the shareholders of the Company for the three months ended 31 March 2019. The significant increase in loss for the 2019 first quarter results was mainly attributable to the decline of operating revenue of the media and entertainment business due to the unexpected performance of certain concert projects during the three months ended 31 March 2019; and the grant of share options in the second and third quarters of the year ended 31 December 2018 which is amortised during the period according to Hong Kong Financial Reporting Standards. The Company is still in the process of finalising the consolidated results of the Group for the three months ended 31 March 2019.