Tai Cheung Holdings Limited provided consolidated earnings guidance for the six months ended 30th September 2020. For the period, the group expects to record a net loss attributable to equity holders of the Company of approximately HKD 11.0 million for the Period as compared to the net profit of HKD 70.4 million for the corresponding period in 2019. The COVID-19 pandemic has significant negative impact on the economies and the Group's results. In view of the pandemic, the Group expects a turnaround from profit to loss in the Period mainly attributable to the following reasons: the decline by about 30% in the revenue of the Group due to significant decrease in property sales as a result of weak market sentiment; and the substantial decline by over 95% in the share of results of Consolidated Hotels Limited, which is an associate material to the Group, as a result of the adverse impact on hospitality industry since the outbreak of the COVID-19 pandemic.