Beijing Sports and Entertainment Industry Group Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2019. For the six months, the company expected that the Group may record a substantial increase in loss attributable to the owners of the Company for the six months ended 30 June 2019 as compared to the loss attributable to the owners of the Company for the corresponding period of 2018. The primary reasons for the increase in net loss was mainly attributable to: a decrease of approximately 47% for the group's revenue as compared with the corresponding period; and an impairment of construction in progress of approximately HKD 16.2 million and an impairment of investment properties of approximately HKD 5.9 million being recognized during the period.