Speedy Global Holdings Limited provided group earnings guidance for the year ended December 31, 2018. The board of directors of the Company hereby informs the shareholders of the Company and potential investors that, based on the information available to the Board, it is expected that there would be a significant deterioration in the operating results of the Group for the year ended December 31, 2018 as compared to the year ended December 31, 2017. Such result was primarily attributable to the reduction of revenue generated from the apparel supply chain servicing business from approximately HKD 1,178.5 million for the year ended December 31, 2017 to approximately HKD 858.1 million for the same period in 2018. Such decrease was mainly attributable to the intense competition in the apparel supply chain market in the year 2018 which resulted in the decline in the sales of apparel products.