The board of the directors (the "Board") informed the shareholders of the Company and the potential investors that, based on the preliminary unaudited consolidated management accounts of the Group for the financial year ended 31 December 2018 (the "Current Year"), the Group is expected to record a significant increase in loss of approximately HKD 300 million to HKD 450 million as compared to a net loss of approximately HKD 35.8 million for the financial year ended 31 December 2017. Such increase is mainly attributable to loss on disposal of partial interest in a joint venture and the grant of the call option of approximately of HKD 230 million upon the completion of the disposal ("Loss on Disposal"); recognition of non-cash impairment loss on goodwill relating to the acquisition of finance lease business of not more than approximately HKD 72 million as a result of its lower-than-expected performance primarily due to an economic turmoil in the People's Republic of China (the "PRC"). Such economic turmoil was triggered by the US-PRC trade war and consequently affected the customers' sentiment on capital investments and financing needs. The strict regulatory policies and intensified competition in the finance lease industry in the PRC also contributed to the decrease in the lease volume and overall profitability which in turn adversely affected the segment revenue and profit in the Current Year; and the overall loss in the fair value of securities investments and expected impairment loss on the loan receivable(s). The Loss on Disposal and the impairment loss on goodwill are non-cash items and have no material effect on the Group's daily operations and cash flow.