Vinco Financial Group Limited provided consolidated earnings guidance for the nine months ended 30 September 2020. For the period, the company expects to record a loss of approximately HKD 1.35 million (corresponding period in 2019: loss of approximately HKD 2.52 million) for the nine months ended 30 September 2020 as compared to the net profit of approximately HKD 60,000 for six months ended 30 June 2020. The Board considered that the expected loss was mainly attributable to the temporary decrease in the number of engagements for corporate finance advisory services undertaken by the Group as a result of the outbreak of the novel coronavirus (COVID-19) (the "Pandemic"). The Pandemic had adversely affect the business performance of the Group during the period as certain prevention and control policies such as travel restrictions imposed by worldwide nations to curb the spread of the COVID-19, which have disrupted the Group's marketing activities as well as the due diligence to be performed on clients including on-site visits and face-to-face interviews, which are crucial in risk assessment undertaken by the Group. In addition, a number of the Group's projects have to be delayed or halted as those clients' financial performance have been deteriorated mainly because of the continuous compulsory lockdown at their countries as well as the continuous weak business sentiment caused by Pandemic. Based on the Company's current assessment, the uncertainty is expected to continue to affect the Group's performance until 2021 when the Pandemic eases and the domestic and global market show signs of recovery.