Tongda Group Holdings Limited provided earnings guidance for the year ended December 31, 2018. Based on the information currently available and the Board's preliminary review and analysis of the unaudited management accounts of the Group for the year ended 31 December 2018, which have not been audited or reviewed by the auditor and/or the audit committee of the Group, it was estimated that the profit attributable to the Shareholders for Fiscal Year 2018 would decrease by 40% to 50% as compared to that of HKD 1,006 million for the year ended 31 December 2017. The Board considers that, the decrease in profit attributable to the Shareholders as compared to expected figures was mainly due to the rapid decline in the shipment volume and unit price of its metal handset casings in the second half of 2018, resulting in the decrease in gross profit of the Group and the need of impairment of inventory. The Board expects that the prospect of principal activities of the Group remains positive amidst the more diverse customer base and earnings contributed from new products of the Group in 2019.