Bisu Technology Group International Limited provided earnings guidance for the year ended December 31, 2018. The company group is expected to record a substantial loss for the year ended 31 December 2018 as compared to a profit for the year ended 31 December 2017. The company wishes to provide a further update on the major factors affecting the group's results for the year ended 31 December 2018 as follows: there was a reduction of revenue generated from the Automotive Engines Business from approximately HKD 1,478 million for the year ended 31 December 2017 to approximately HKD 277 million for the year ended 31 December 2018. Such decrease was mainly attributable to the fact that there was a substantial decline in the sales of engines by the Group to the vehicle and vehicle parts manufacturing customers for the year ended 31 December 2018; there were an impairment loss on goodwill of approximately HKD 175 million and an impairment loss in the fair value of the group's intangible assets of approximately HKD 431 million in relation to the acquisition of the Automotive Engines Business. Such impairment losses were primarily attributable to the fact that the financial performance of the Automotive Engines Business was less than expected for the year ended 31 December 2018; and expected credit loss of HKD 144 million was made to the accounts and bills receivables due from the Customers. As at 31 December 2018, the gross accounts and bills receivables due from the Customers before the expected credit loss amounted to approximately HKD 593 million. The Customers have undertaken to repay such outstanding accounts and bills receivables by 12 monthly instalments commencing from July 2019.