China Environmental Resources Group Limited provided earnings guidance for the year ended December 31, 2019. The board is expected to record decrease in loss for the six months ended 31 December 2019 as compared to the results for the corresponding period in 2018. This is the combined effects of increase in gross profit to approximately HKD 10.1 million due to change in product mix; (ii) decrease in loss from changes in fair value less costs to sell of biological assets to approximately HKD 1.1 million; (iii) decrease in general and administrative and operating expenses to approximately HKD 21.8 million mainly due to decrease in salaries, advertising and promotion expenses and legal and professional fee during the six months ended 31 December 2019; and (iv) decrease in loss on fair value changes on investments at fair value through profit or loss to approximately HKD 0.2 million during the period ended 31 December 2019.