KK Culture Holdings Limited provided earnings guidance for the six months ended 30 June 2020. For the period, based on the preliminary review of the Group's unaudited consolidated management accounts for the 6 months ended 30 June 2020 (the "2020 Interim Period") and information currently available to the Board, it is anticipated that the revenue of the Group for the six months ended 30 June 2020 would decrease by approximately 75% compared to that for the six months ended 30 June 2019. Such decrease was mainly due to the fact that, during the 2020 Interim Period, the outbreak of the novel coronavirus pandemics has caused disruptions to a wide range of economic activities and dampened economic sentiment. Such impact forced companies to hold or reduce headcounts and also force down the salaries or advertising expenses to cut cost. With a remarkable highest unemployment rate of Hong Kong since 2011, the number of recruitment advertisements placed to the magazine was significantly decreased. However, the net loss of the Group for the six months ended 2020 was narrowed down from the same period last year due to the elimination of operating loss resulting from the disposal of the entire issued share capital of Fullmoon Global Limited together with its subsidiaries which was completed in the first half of 2019.