Chinese Food and Beverage Group Limited announced that the Group is expected to record a loss attributable to owners of the Company of not less than HKD 13 million for the year ended 31 December 2019 as compared to profit of approximately HKD 85 million in the corresponding year in 2018. The turnaround of the Group's result is mainly attributable to decrease in other operating income and other gain as there were a gain on disposal of 31% equity interest in Flame Soar Limited of approximately HKD 57 million; and dividend of approximately HKD 52 million from financial assets at fair value through profit or loss recorded in the Corresponding Year whereas no such gain have been recorded for the Year.