New World Department Store China Limited provided unaudited consolidated earnings guidance for the year ended 30 June 2020. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on a preliminary assessment on the unaudited consolidated management accounts of the Company for the year ended 30 June 2020, the Group expects to record a loss attributable to shareholders of the Company of not less than HKD 480 million for the year ended 30 June 2020, as compared to a profit attributable to shareholders of the Company of approximately HKD 33 million for the year ended 30 June 2019.