Ying Kee Tea House Group Limited provided unaudited consolidated earnings guidance for the three months ended 30 June 2019. The board of directors of the company announced that based on preliminary assessment of the unaudited consolidated management accounts of the group for the three months ended 30 June 2019, it is expected that the group will incur a net loss for the three months ended 30 June 2019 amounting to approximately HKD 3.0 million notwithstanding the lack of non-recurring listing expenses of approximately HKD 4.0 million incurred in the last corresponding period. Based on the information currently available to the board, the expected loss was mainly due to (i) the incurrence of expenses for the new iTea shop; (ii) the significant drop of sales of extra old pu-erh tea cakes; (iii) the increase in cost of sales of overall tea leaves raw materials; (iv) the increase in administrative expenses attributable to the business development of the Group, including advertising and new leases; and (v) the increase in listing maintenance expenses.