Bay Area Gold Group Limited provided earnings guidance for the year ended December 31, 2020. The Group expects the net loss for the year ended December 31, 2020 will be enlarged as compared with that for the year ended December 31, 2019 which approximated to HKD 631 million. The widened loss is mainly attributable to the one-off losses on impairment of intangible assets of approximately HKD 1,342 million and one-off losses on impairment of fixed assets of approximately HKD 934 million for the year ended December 31, 2020 due to assessment of valuation of the assets and their future performance towards the Company.