Tan Chong International Limited provided earnings guidance for the six months ended 30 June 2019. The Group expects to report a material decrease in profit for the six months ended 30 June 2019 as compared to the reported profit for the period of six months ended 30 June 2018 of HKD 399.122 million. The decrease in profit is attributable to substantial decrease in vehicle sales volume in the Group's key markets of Singapore, Malaysia, Taiwan and China. The high initial start-up costs and teething production problems associated with the start of production on 26 February 2019 at the Group's car plant in Thailand also impacted the result. These factors negatively affected the Group's profit. Despite this profit decline, the Group's business operations remain relatively stable and the Group's balance sheet continues to be in a healthy state.