Neway Group Holdings Limited provided earnings guidance for the first half of 2020. For the period, the Group is expected to record a loss in the range from approximately HKD 47 million to approximately HKD 62 million for first half of 2020, as compared to the loss of approximately HKD 6.2 million for first half of 2019. The Board considers that such significant increase in loss was primarily attributable to (i) the increase of fair value loss on held-for-trading investments recorded during first half of 2020 to approximately HKD 33.8 million (1H 2019: fair value gain of approximately HKD 1.9 million) and (ii) the expected net impairment losses on financial assets and contract assets of approximately HKD 6.7 million recorded in 1H 2020 (1H 2019: net reversal of impairment losses on trade receivables and contract assets of approximately HKD 0.5 million).