International Business Settlement Holdings Limited announced preliminary consolidated earnings guidance for year ended 31 March 2019. Group expects net loss attributable to the owners of the Company for the year ended 31 March 2019 (the "Loss") is expected to increase significantly compared to the loss attributable to owners of the Company of approximately HKD 68,000,000 for the corresponding period in 2018. The expected Loss was mainly attributable to (a) an impairment loss on intangible assets of approximately HKD 59,000,000; and (b) an impairment loss of approximately HJD 122,000,000 on factoring receivables of the Group due to potential defaults in connection with the relevant receivables. The actual amount of aforesaid impairment losses will be subject to review by the auditors of the Company and the independent professional valuer.