Hongkong Chinese Limited provided earnings guidance for the six months ended 30 September 2020. The Board of Directors of the Company wishes to inform the shareholders of the Company and potential investors that based on the information currently available to the Company, it is estimated that the Group is likely to record a consolidated loss attributed to equity holders of the Company of not less than HKD 550 million for the six months ended 30 September 2020 (the "Period"), as compared to a consolidated profit of approximately HKD 269 million for the six months ended 30 September 2019. Such loss was mainly due to share of loss of joint ventures (primarily resulting from the loss arising from the disposal of an investment property by a joint venture and partial offset by profit contribution from its equity-accounted investees) and partial offset by the profit arising from the disposal by the Group of a joint venture during the Period.