Emperor International Holdings Limited provided preliminary consolidated earnings guidance for the year ended March 31, 2020. The board of directors of the Company informed the shareholders and potential investors of the Company that, based on the preliminary review of the latest available financial information of the Group, the Group expects to record a consolidated net loss for the year ended 31 March 2020 (the "Year") as compared with a consolidated net profit for the last financial year ended 31 March 2019. Such significant change was mainly attributable to a significant fair value loss of the Group's investment properties (the "Fair Value Loss") during the Year as a result of downward pressure in both retail and commercial rents caused by the global political disputes and local social issues. The downward pressure is even intensified by the recent outbreak of the coronavirus disease (COVID-19); and the fluctuations in the sales revenue of the residential property development (the "Fluctuations") and the Group expects to record a decrease in its total revenue by not more than 50% during the Year.