Yat Sing Holdings Limited provided earnings guidance for the year 2018 and 2019. Pursuant to the sale and purchase agreement, the Vendor had irrevocably warranted and undertaken that, among other things, the 2018 actual profits shall be not less than RMB 10,000,000 (equivalent to approximately HKD 11,875,000) and the 2019 actual profits shall be not less than RMB 12,000,000 (equivalent to approximately HKD 14,250,000).