The board of directors of PanAsialum Holdings Company Limited informed shareholders of the company and potential investors that based on its preliminary assessment of the information currently available, the Company is expected to record an increase in loss before income tax in the consolidated financial results of the Company for the six months ended 30 June 2019 of approximately 30%, as compared to the loss before income tax of approximately HKD 128 million for the corresponding period ended 30 June 2018. The Board believes that the said increase in the loss before income tax is primarily due to (i) higher finance cost from borrowings associated with the Group's on-going acquisitions and expansion, and (ii) an increase in operating expenses especially the increase in employee benefit expenses.