Sinomax Group Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the Group is expected to record a loss after taxation of not less than approximately HKD 31.0 million as compared to the profit after taxation of approximately HKD 10.6 million for the six months ended 30 June 2019. The deterioration of result is mainly due to the slowdown in the Group's business activities caused by the COVID-19 outbreak and the increase in the amount of PRC withholding tax levied on the distributed profits of the Company's PRC subsidiaries.