Transmit Entertainment Limited provided earnings guidance for the six months ended 31 December 2020. The Group expects to record a net loss attributable to owners of the Company of approximately HKD 75,000,000 to HKD 80,000,000 for the Interim Period as compared to the net loss attributable to owners of the Company of approximately HKD 19,586,000 for the corresponding interim period in 2019. It was mainly attributable to (i) the significant decrease in revenue from the film exhibition business as a result of the continued weak market sentiment in the Interim Period due to the impact of COVID-19; and (ii) the fact that there was revenue from the sale of certain film and television rights during the corresponding interim period in 2019, but there was no such sales revenue during the Interim Period.