Ching Lee Holdings Limited provided unaudited consolidated earnings guidance for the year ended March 31, 2019. The board of directors of the Ching Lee Holdings Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2019, the Group expects that the net profit would decline by approximately 40% to 45% as compared to the net profit of the Group for the year ended 31 March 2018 of approximately HKD 19.7 million. The Board considered that the decline was mainly attributable to the decrease in revenue is substantially due to the completion/substantial completion of the on-going projects in second half of Fiscal Year 2018 and the new projects are still in a preliminary stage. Less revenue was recognized in Fiscal Year 2019; the increase in finance cost; and the increase in expected credit loss on financial assets.