Affluent Foundation Holdings Limited provided earnings guidance for the year ended 31 March 2020. The Group anticipates to report a net loss for the year ended 31 March 2020 (the "Relevant Period") as compared to that for the year ended 31 March 2019. The expected loss was a combined result of: (i) the decrease in revenue due to certain sizable projects which had been completed by the year ended 31 March 2019 and no longer contributed any revenue during the Relevant Period; (ii) the outbreak of COVID-19 since January 2020 which has caused certain main contractors of the Group to postpone the schedule of resumption of work at work sites after the Chinese New Year. It has also caused the disruption in the supply of materials which has resulted in delay of site progress and increase in costs due to the prolonged need for maintaining the required site workforce; and (iii) the postponement of commencement of a sizable new project under the instruction from the main contractor during the Relevant Period, resulting in slowing down work progress.