The board of directors of Beautiful China Holdings Company Limited announced Group's unaudited consolidated management accounts for the year ended 31 December 2018 and the information currently available to the Company, the Group is expected to record a loss of approximately HKD 120 million to HKD 140 million for the year ended 31 December 2018. Such expected increase in loss was mainly attributable to: an increase in administrative expenses of the Group, mainly in respect of the development of the pyrolysis processing business; the Group is expected to record a property, plant and equipment revaluation loss and impairment losses relating to the production line for plastic waste pyrolysis; and loss on fair value change of biological assets.