Elife Holdings Limited provided earnings guidance for the six months ended 30 September 2020. For the period, the company expects that the Group will record (i) an approximately 2 times increase in revenue for the six months ended 30 September 2020 as compared with that for the six months ended 30 September 2019, and (ii) an approximately 50% decrease in the total comprehensive loss attributable to owners of the Company for the six months ended 30 September 2020, as compared to approximately HK$30,274,000 for the six months ended 30 September 2019. The expected decrease in the total comprehensive loss attributable to the owners of the Company was primarily due to (i) a substantial increase in the revenue generated from commodities trading as a result of the increase on the variety of the products and customers and (ii) a decrease in the operating expenses as a result of the cost reduction measures taken by the Group in response to the COVID-19 pandemic including but not limited to a reduction in salaries of the Directors and senior management of the Group and streamlining of the workforce of the Group.