China Finance Investment Holdings Limited provided consolidated earnings guidance for the year ended December 31, 2020. For the year, the company expected to record a net loss of more than HKD 68.0 million for the Reporting Period, representing an increase in net loss of more than 14% as compared to the net loss of approximately HKD 59.6 million for the corresponding period in 2019 The increment in net loss is primarily attributable to (i) an increase in equity-settled share-based payment; and (ii) an increase in impairment losses on loan receivables from the Group's money lending business (from approximately HKD 3.3 million for Fiscal Year 2019 to approximately HKD 30.3 million for the Reporting Period) and an increase in impairment losses on trade receivables from the Group's agricultural and meat business (from approximately HKD 5.9 million for Fiscal Year 2019 to approximately HKD 18.5 million for the Report Period) due to the adverse impact of the novel coronavirus pandemic during the Reporting Period.