Daohe Global Group Limited provided earnings guidance for the year ended December 31, 2018. For the year, the company expects to record a total comprehensive loss of not less than USD 86 million (equivalent to approximately HKD 669.1 million) for the year ended 31 December 2018, as compared to the total comprehensive loss of approximately USD 69.4 million (equivalent to approximately HKD 539.9 million) for the eight months ended 31 December 2017. The expected significant loss is mainly a result of impairment losses on goodwill and intangible assets of approximately USD 88 million (equivalent to approximately HKD 684.6 million) to be recognised by the Company for the year ended 31 December 2018, taking into account the increasingly challenging, stiff and competitive business environment and tightening government policy. The Board would like to emphasise that the abovementioned impairment losses on goodwill and intangible assets are non-cash items to the Company's consolidated statement of profit or loss for the year ended 31 December 2018. Such impairment losses are not expected to have an impact on the cash flow of the Group.