Larry Jewelry International Company Limited provided earnings guidance for the year ended 31 December 2019. The company expected that the Group will record a loss for the year of not less than HKD 100 million as compared to profit of approximately HKD 251 million for the last corresponding period in 2018. The loss was mainly due to the absence of gain on fair value changes of convertible bonds and warrants of approximately HKD 416 million for the year as compared to that for the year ended 31 December 2018.