Asia Television Holdings Limited announced earnings guidance for the year ended 31 December 2018. The company announced that based on a preliminary review of the unaudited consolidated management accounts of the Group, the Company is expected that the Group will record a significant increase in loss for the year ended 31 December 2018 as compared to the loss of approximately RMB 118.9 million recorded for the year ended 31 December 2017. The significant increase in loss for the year ended 31 December 2018 is mainly attributable to (i) impairment loss on goodwill arising the acquisition of Asia Television Limited and its subsidiaries; (ii) impairment loss on interests in an associate; (iii) impairment loss recognised for intangible assets; and (iv) an increase in operating expenses due to the newly development of media, cultural and entertainment business relating to the Acquisition of ATV.