Inno-Tech Holdings Limited provided group earnings guidance for the nine months ended 31 March 2020. The board of directors of the company informed the shareholders and potential investors of the company that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the nine months ended 31 March 2020, the group is expected to record a substantial drop in profit of not less than 30% as opposed to a net profit of approximately HKD 36 million for the nine months ended 31 March 2019, mainly attributable to the substantial changes in fair value of convertible bonds from gain of approximately HKD 65.2 million for the nine months ended 31 March 2019 to loss of approximately HKD 2.5 million for the nine months ended 31 March 2020 and additional impairment in expected credit loss of approximately HKD 14 million.