Following a preliminary assessment of the Group's unaudited financial statements for the full year ended 31 August 2019, the Board of Directors of Miyoshi Limited issued a profit guidance that the Group expects to report a loss for fiscal year 2019 as compared to the previous financial year. The loss is mainly attributable to the loss-making operations of the Group's subsidiaries in Thailand and Malaysia and impairment losses recognised from (i) the impairment review exercise on Group's receivables and (ii) impairment test in connection with the Group's associated company, Core Power (Fujian) New Energy Automobile Co. Ltd. Any impairment arising from, inter alia, the aforementioned would impact the Group results.