Acme International Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2020. the Group is expected to record a consolidated net loss ranging from approximately HK$24.0 million to HK$26.0 million for the six months ended 30 June 2020 (the ``Interim Period''), as compared to an unaudited consolidated net profit of approximately HKD 36.0 million for the corresponding period in 2019 (after excluding the one-off listing expenses of HKD 10.8 million incurred in relation to the listing of the shares of Company on the Main Board of the Stock Exchange in November 2019). The expected loss of the Group was primarily due to the combined effect of: following the outbreak of the novel coronavirus (COVID-19) and the relevant precautionary and control measures implemented during the Interim Period, the supply chain management and production capacity across the construction material suppliers have been affected, which resulted in a delay in suppliers' delivery of construction materials and a decline in product quality. In order to catch up with the original schedule of the on-going projects and maintain the quality of the Group's construction work, the Group incurred additional subcontracting charges and material costs to speed up the installation process and replace the defective construction materials, which led to a significant loss in certain projects; the cost overrun resulting from unexpected prolonged completion and additional construction costs incurred towards the completion stage of certain projects for the defective maintenance works; the drop in revenue and gross profit due to the delay in commencement of new projects being awarded to the Group and overall delay in the master programmes of the Group's certain ongoing projects; the decrease in the number and gross profit margin for the Group's variation orders works due to the overall economic downturn in Hong Kong and the competitive project pricing arising from intense market competition; and legal and compliance costs, professional fees and printing charges incurred after the listing of the Company's shares on Main Board.