Chinney Investments, Limited provided earnings guidance for the six months ended 30 September 2019. For the period, the Group is expected to record a decrease in its unaudited consolidated profit attributable to owners of the Company for the six months ended 30 September 2019 by more than 50% as compared with that reported for the corresponding period last year. Such decrease in profit for the six months ended 30 September 2019 was primarily attributable to the decrease in revenue from property sales of the development projects in Mainland China of its 68.09% owned subsidiary, Hon Kwok Land Investment Company, Limited and the decrease in fair value gains on the investment properties of the Group due to the general downward adjustment in Hong Kong property market caused by the recent social unrest. Occupancy rates of hotel properties have dropped due to the decline in tourist arrivals to Hong Kong since July 2019.