Polytec Asset Holdings Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2020. The Board of the Company informed the shareholders of the Company and potential investors that, based on a preliminary review of the draft unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the Group is expected to record a substantial decrease in profit attributable to equity shareholders of the Company in the range of 85% to 95% for the six months ended 30 June 2020 as compared to that of the corresponding period in 2019. Such decrease was mainly due to the decrease in the amount of the fair value change on the interests in property development held by the Group in respect of the La Marina development project (located at Lotes T+T1) in Macau attributable to the drop in selling price of the residential property market, and an impairment loss made for the oil production and exploitation assets in the Group's South Alibek Oilfield in Kazakhstan in view of the significant drop in international oil prices.