Eagle Legend Asia Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the company expects to record a net loss in a range of approximately HK$90 million to approximately HKD 110 million as compared to a net profit of approximately HK$63 million for the six months ended 30 June 2019. The aforesaid worsened performance is mainly due to (i) the Group incurring a loss on the disposal of Best Earnest Investments Limited and its subsidiaries (the "Disposal") of approximately HKD 68 million, (for details of the Disposal, refer to the circular dated 7 May 2020 and the announcements dated 22 May 2020, 8 July 2020 and 10 July 2020 of the Company), (ii) the execution of certain new contracts by the Group in relation to the leasing and servicing of tower cranes the performance of which was postponed as the lessees of the tower cranes postponed their operations due to the outbreak of the novel coronavirus (COVID-19) epidemic, which led to a decrease in the Group's revenue and (iii) the interest expenses on the shareholder's loan of approximately HKD 9 million.