China Best Group Holding Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the Group is expected to record net loss of not less than HKD 45 million for the six months ended 30 June 2020 as compared to its net loss of approximately HKD 18 million for the corresponding period in 2019. The Board considers that such increase in net loss was mainly attributable to, among other things, (i) performance of the Group's business segments was affected, to various extents, by the global outbreak of the COVID-19 pandemic, (ii) increase of not less than HKD 25 million in the Group's administrative and staff costs due to the expanded business activities and (iii) finance cost of approximately HKD 9 million incurred for interest bearing borrowings.