Taste Gourmet Group Limited provided earnings guidance for the three months ended 30 June 2019. The board of directors of the Company of the shareholders of the Company (the "Shareholders") and potential investors that, based on a preliminary review of the unaudited consolidated management accounts of the Company for the three months ended 30 June 2019, the Group is expected to record a substantial growth in: (1) revenue of more than 55% as compared to the three months ended 30 June 2018 (the "Corresponding Period"); and (2) net profit and net profit attributable to owners of the Company of more than 300% as compared to the Corresponding Period. The reasons for the increase are mainly due to: (1) more restaurants opened during the Current Period and restaurants that opened last year contributing full three months of operations during the Current Period; (2) increase in the average spending per customer; and (3) better overall cost control.