Directel Holdings Limited provided earnings guidance for the three months ended 31 March 2020. The company announced that based on the information currently available and the preliminary review of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2020 (the "Period") by the board (the "Board") of directors (the "Directors") of the Company, the Board wishes to inform the shareholders of the Company and potential investors that it is anticipated that the Group would record a net loss of approximately HKD 9.0 million for the three months ended 31 March 2020 as compared to a net loss of approximately HKD 6.3 million for the corresponding period in 2019. The anticipated increase in loss was primarily attributable to a significant increase in impairment loss of trade receivables for the Period; an increase in fair value change of contingent consideration payables for the acquisition of Joint Top Investments Limited; and the Group anticipates a foreign exchange loss for the Period as compared to a foreign exchange gain for the corresponding period in 2019.