Minshang Creative Technology Holdings Limited reported unaudited consolidated earnings guidance for the year ended 31 March 2019. The board of directors of the Company inform the shareholders of the Company and potential investors that, based on the information currently available for the Board and the preliminary assessment of the unaudited consolidated management accounts of the Group, the Group is expected to record a net loss of not less than HKD 42,000,000 for the year ended 31 March 2019 as compared with the net loss of HKD 1,501,000 recorded for the year ended 31 March 2018. Such increase in loss is mainly attributable to the combined effect of the following factors: the decrease in revenue of the Group due to (a) the intense competition among food and beverage industry and (b) decrease in revenue from the newly replaced restaurants as compared to the closed restaurants; write off and provision for impairment on property, plant and equipment and provision on onerous lease contracts for closed and loss-making restaurants; and increase in legal and professional fee for business acquisition.