Asia Tele-Net and Technology Corporation Limited provided earnings guidance for the year ending 31 December 2020. For the period, the company expects to record a decrease by approximately 75%-80% in its profit for the year ended 31 December 2020 as compared to its profit for the year ended 31 December 2019. The key factors attributable to the significant decrease in profit include, inter alia, the gross profit for the Period Under Review was 9-10% lower than that of the Previous Period; the gain on remeasurement of deferred consideration of approximately HKD 607.9 million was recorded in Previous Period but not in the Period Under Review.