Wheelock and Company Limited provides earnings guidance for the quarter ended March 31, 2020. For the period, the company expects a loss attributable to equity shareholders of approximately HKD 6 billion mainly due to the losses and/or reduced profitability of principal businesses and the effect of unrealized revaluation deficit or impairment of the Group's investment properties, development properties and hotels thus caused. The Group's financial performance in 2020 has so far been impacted mainly by the very weak economic environment and the extreme market and operating conditions caused by COVID-19 on the Group's business.