Ko Yo Chemical (Group) Limited provided unaudited earnings guidance for the year ended December 31, 2019. The company Group, the Group is expected to record a decrease in the net profit after tax for the year ended 31 December 2019 as compared to the net profit after tax, excluding the effect of the non-recurring listing expenses, for the year ended 31 December 2018. The net profit after tax for the year ended 31 December 2019 is expected to drop to not more than HKD 2 million; whereas the net profit after tax, excluding the effect of the non-recurring listing expenses, for the year ended 31 December 2018 was approximately HKD 8 million. The decrease was primarily due to the combined effect of: (i) a slower than expected turnover growth hampered by poorer performances in the second half of the year as a result of the decline in the recruitment demand triggered by the recent social unrest in Hong Kong, although the Group's turnover for the year ended 31 December 2019 has increased by over 20% compared to the year ended 31 December 2018 as attributable to the expansion of business operations in Hong Kong; (ii) increase in staff costs due to the expansion of business operations in Hong Kong over the year; (iii) the newly establishment of the recruitment operations in the People's Republic of China including but not limited to recruiting additional experienced consultants specialized in diversified functional specialization; (iv) increase in advertising expenses incurred for third party recruitment websites for the provision of recruitment services and also the software maintenance expenses attributable to the expansion of business team in Hong Kong; and (v) increase in corporate expenses with the listing status while such corporate expenses only incurred in the fourth quarter of 2018 as the shares of the company were listed on GEM in October 2018.