Lai Sun Garment (International) Limited provided unaudited consolidated earnings guidance for the six months ended January 31, 2020. The company group is expected to record a consolidated loss attributable to owners of the company for the Period as compared to a consolidated profit attributable to owners of the company of approximately HKD 2,914.6 million for the same period last year. In addition to the factor set out in the January Announcement, the expected decline in the Group's consolidated results for the Period is primarily due to (i) the decrease in fair value of the investment properties owned by the Group and held through joint ventures of the Group, which will result in the recognition of significant fair value losses arising from revaluation of the Group's investment properties and share of losses from joint ventures of the Group for the Period; and (ii) lower profit contribution from the property sales of a joint venture project of the Group during the Period as compared to the same period last year.