Longrun Tea Group Company Limited provided earnings guidance for the year ended 31 March 2020. For the period, the company expects to record an increase of approximately 90% in the loss attributable to owners of the Company for the year ended 31 March 2020 as compared to the year ended 31 March 2019. Based on the information currently available, the expected loss was mainly attributable to the combined effect of, among others. the slow down of the PRC's economic growth and the outbreak of the novel coronavirus disease (COVID-19) which resulted in decrease in revenue, increase in expected credit loss allowance on trade receivables and increase in selling and administration expenses.