FIT Hon Teng Limited provided earnings guidance for the six months ended June 30, 2020. For the period, the board of directors of the Company informed the shareholders of the Company and potential investors that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended June 30, 2020 and other information currently available to the Company, notwithstanding the impact of the COVID-19 pandemic, the Group remained profitable from continuing operations for 1H 2020. However, such unaudited net profit is anticipated to decline to approximately USD 20 million from USD 101 million for the six months ended June 30, 2019. The decrease in net profit was mainly attributable to: (1) the unaudited net profit from continuing operations for the three months ended March 31, 2020 decreased significantly as compared to the same period of 2019 (please refer to the announcements of the Company dated April 17, 2020 and May 11, 2020, respectively for details); and (2) although the production activities of the Group have already returned to normal from early March 2020, the global outbreak of COVID-19 as well as the lockdowns and restrictive measures adopted by various countries have affected the consumer demand and the number of sales orders placed by customers, which have brought downward pressures on the demand for the Group 's products. In view of the evolving nature of the COVID-19 outbreak, market demand for the Group's products remains uncertain.