Zhejiang United Investment Holdings Group Limited provides earnings guidance for the six months ended 30 June 2020. The company announced that based on information currently available to the Board, the Group expects to record a loss of approximately HKD 41.6 million for the year ended 30 April 2020 as compared to a loss of approximately HKD 13.5 million for the year ended 30 April 2019. The expected increase in loss is mainly due to the decrease in gross profit, one off share-based payment expenses in relation to grant of share options to certain employees and the expense on 5G business development.