Lai Sun Development Company Limited provided consolidated earnings guidance for the year ending 31 July 2020. The Group is expected to record a consolidated loss attributable to owners of the Company for the year ending 31 July 2020 as compared to a consolidated profit attributable to owners of the Company for the year ended 31 July 2019. Such decline in the Group's results is primarily due to the absence of the net gain from the one-off bargain purchase on acquisition of subsidiaries of approximately HKD 3,736.7 million recorded during the year ended 31 July 2019 and decrease in valuations of properties owned by the Group. Further announcement will be made by the Company to keep Shareholders and potential investors informed of the financial performance of the Group as and when appropriate.