Modern Living Investments Holdings Limited provided earnings guidance for the year ended 31 December 2020. For the year, the company expects profit for the year to be recorded of HKD 19 million, as compared with a profit of approximately HKD 7.2 million for the corresponding year in 2019. The Board believes the increase in profit during the year as compared to the corresponding year in 2019 is mainly attributable to (i) increase in profit margin of new property management service contracts; the upward adjustment on service fee for some of the Group's existing contracts in according with the adjustment mechanism as stipulated in those contracts; closer monitoring over both the employee benefit expense and various operating expense items and (iv) receipt of the government's subsidies under the anti-epidemic fund set up by the Hong Kong Government.