China Apex Group Limited provided unaudited consolidated guidance for the six months ended 30 June 2020. The company expected to record a net loss of not more than HKD 10 million for the six months ended 30 June 2020 as compared to a net profit of approximately HKD 6.3 million for the corresponding period in 2019. The expected loss was primarily attributable to the significant decrease in both revenue and gross profit of the zipper business for the six months ended 30 June 2020 as compared to the corresponding period in 2019 mainly due to the impact of the global outbreak of the COVID-19 including quarantine, lockdown and travel restrictions, resulting in the decreasing number of sales orders from customers of the Group who are primarily OEMs who manufacture apparel products.