V.S. International Group Limited provided earnings guidance for the year ended July 31, 2019. The board of directors of the company informed the shareholders of the company and potential investors that, based on the information currently available to the Board, the Group is expected to record a loss attributable to owners of the Company of approximately RMB 115 million for the year ended 31 July 2019, as compared to a loss attributable to owners of the company of approximately RMB 9 million for the year ended 31 July 2018. The increase in loss attributable to owners of the Company for the year ended 31 July 2019 was mainly attributable to (i) a significant drop in the Group's revenue during the year when compared to the year ended 31 July 2018; and (ii) an increase in provision of impairment of approximately RMB 30 million on the fixed assets during the year.