The Board of Imperial Pacific International Holdings Limited announced that, based on the information currently available to the Board, the Group is expected to record an increase in net loss by not less than 20% for the year ended 31 December 2019 as compared to the net loss of approximately HKD 2,965 million for the corresponding period in 2018. The expected increase in net loss is mainly attributable to the considerable decrease in total revenue and gross profit by not less than 80% and the impairment of trade receivables.