Bisu Technology Group International Limited provided group earnings guidance for the six months ended 30 June 2019. For the six months, the company that based on the preliminary review of the unaudited financial information currently available to the Board, the group is expected to record a substantial loss for the six months ended 30 June 2019. The group’s results for the six months ended 30 June 2019 have been adversely affected by, among other factors, the following: there was a substantial reduction of revenue generated from the Automotive Engines Business from approximately HKD 272 million for the six months ended 30 June 2018 to approximately HKD 70 million for the same period in 2019. Such decrease was mainly attributable to the fact that there was a substantial decline in the sales of engines by the Group to the Automotive Engines Business Customers of the Group for the six months ended 30 June 2019. As disclosed in the Announcements, since the Automotive Engines Business Customers have shortage in supply due to the suppliers’ concern on their payment ability, the full resumption of production will be further delayed; there was an impairment loss in the fair value of the Group’s intangible assets of approximately HKD 51 million in relation to the acquisition of the Automotive Engines Business. Such impairment loss is primarily attributable to the further delay in the full resumption of production of the Automotive Engines Business Customers as disclosed in the Announcements. The Board would like to emphasize that the impairment loss in the fair value of the Group’s intangible assets is a non-cash item and has no effect on the Group’s daily operations and cash flow; additional expected credit loss of approximately HKD 113 million was made to the accounts and bills receivables due from the Automotive Engines Business Customers for the six months ended 30 June 2019, which is attributable to the increased uncertainty on the repayment of the accounts and bills receivables due to the further delay in the full resumption of production of the Automobile Engines Business Customers; a provision of impairment loss of approximately HKD 25 million for the Group’s inventory of the Automotive Engines Business. Such impairment loss is primarily attributable to the increased uncertainty on the realizability of the inventory due to the further delay in the full resumption of production of the Automobile Engines Business Customers; and the increase in administrative expenses in respect of the equity-settled share option expense (which was non-cash in nature) of approximately HKD 29 million being recognized in this period.