Speedy Global Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2020. For the period, the Group is expected to record a net loss ranging from approximately HKD 115 million to HKD 135 million for the Reporting Period, as compared to a net profit of HKD 4.7 million recorded for the corresponding period in 2019. Such change was mainly attributable to: the Group's expected provision for impairment of goodwill ranging from HKD 100 million to HKD 110 million, in relation to the acquisition of Splendid Gains International Limited in 2019, a wholly-owned subsidiary of the Company engaged in the business of manufacturing and trading of sweater knitwear products; and a decrease in revenue for the Reporting Period primarily owing to the worldwide outbreak of the Coronavirus Disease 2019 which affected the macro economy, leading to a weak market sentiment, a delay in shipment and cancellation of orders. The above-mentioned provision for impairment of goodwill is a non-cash item and has no impact on the Group's cash flow, operations or liquidity position.