Ying Kee Tea House Group Limited provided earnings guidance for the nine months ended 31 December 2019. The board of directors of the Company announced that, based on preliminary assessment of the unaudited consolidated management accounts of the Group, it is expected that the Group will incur a net loss for the nine months ended 31 December 2019 amounting to approximately HKD 5.1 million as compared to the net loss of approximately HKD 1.4 million for the nine months ended 31 December 2018 (including non-recurring listing expenses of approximately HKD 4 million). It is also expected that there will be an improvement on the financial results as compared to the net loss of approximately HKD 6.3 million for the six months ended 30 September 2019 due to the annual year-end sales promotions from late-October to early-November. The Board considers that the expected loss was mainly due to approximately 11.7% decrease in sales as compared with that for the nine months ended 31 December 2018 mainly attributable to the continuous social incidents started from June 2019; and the increase in administrative expenses, including rental expenses and staff costs, attributable to the addition of a concessionary counter in Shatin and a beverage shop in Tsim Sha Tsui.