Asia Pioneer Entertainment Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2020. The board of directors of the Company announced that, based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and the information currently available to the Board, the Group expects to record (i) a loss before tax of approximately HKD 32.0 million for the year as compared to a loss before tax of approximately HKD 1.7 million for the year ended 31 December 2019; (ii) a decrease in the Group's revenue by approximately 51% from approximately HKD 82.0 million for the previous year to approximately HKD 40.5 million for the year; and (iii) a decrease in the Group's gross profit by approximately 63% from approximately HKD 28.6 million for the previous year to approximately HKD 10.5 million for the year.