Longhui International Holdings Limited provided group earnings guidance for the full year ended December 31, 2019. Based on preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 and assessment of the information currently available, the Group is expected to record a net loss of not less than RMB 110 million for the year ended 31 December 2019. The expected loss making position was mainly attributable to the challenging business environment during the year, which posed significant negative impact on the overall business operation and also inevitably led to the closure and suspension of certain restaurants of the Group during the year, and provision for impairment of property, plant and equipment and/or right-of-use assets in respect of these restaurants and certain underperforming restaurants of the Group during the year.