Suncity Group Holdings Limited announced earnings guidance for the year ended 31 December 2019. For the year, the company expects to record a loss attributable to owners of the Company of approximately RMB 1.51 billion as compared to the loss attributable to owners of the Company of RMB 1.46 billion for the year ended 31 December 2018. Based on the relevant information above, the Board considers the loss attributable to owners of the Company for the year ended 31 December 2019 was mainly attributable to (i) the recognition of impairment on interest in an associate; (ii) the loss in respect of the change in fair value of investment properties; (iii) the loss in respect of the change in fair value of derivative financial instruments; (iv) the loss on deemed partial disposal of equity interest of an associate; (v) the loss on deemed disposal of subsidiaries; and (vi) the share of loss of a joint venture.