Tan Chong International Limited provided earnings guidance for the year ended December 31, 2019. The Group expects to report a material decrease in the profit attributable to Shareholders for the year ended December 31, 2019 as compared to the profit attributable to Shareholders of HKD 600.899 million for the year ended December 31, 2018. 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 February 26, 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.