Hong Kong Resources Holdings Company Limited provided earnings guidance for the nine months ended March 31, 2020. The company together with its subsidiaries informed its shareholders and potential investors that the turnover of the Group for the nine months ended 31 March 2020 is expected to record substantial decrease as compared to the turnover recorded for the nine months ended 31 March 2019. The Board believes that the drop in turnover is primarily attributable to (i) the outbreak of COVID-19 since December 2019 which adversely affects consumer sentiment on the luxury goods; (ii) shut down of certain shops in the People's Republic of China, Macau and Hong Kong during the said nine-month period under review and (iii) suspension of wholesales and sub-contracting business in the People's Republic of China.