FIT Hon Teng Limited provided group earnings guidance for the first quarter ended March 31, 2020. For the first quarter, the company expects to maintain a positive unaudited net profit from continuing operations for first quarter of 2020. However, such unaudited net profit is anticipated to decline to approximately USD 1 million from USD 45.5 million for the three months ended March 31, 2019. The outbreak of novel coronavirus (COVID-19) in first quarter of 2020 and the resulting mandatory extension of holidays in China and quarantine measures taken by multiple countries/cities led to the temporary suspension of operations of certain of the Group's manufacturing plants. This halt in manufacturing had a material impact on the net profit for the Group in first quarter of 2020. Nevertheless, the company's production activities have already returned to normal from early March 2020. Given the current development of the global COVID-19 outbreak, market demand and future prospects remain uncertain.