Beaver Group (Holding) Company Limited provided earnings guidance for the year ended 31 March 2020. For the year, the Group is expected to record a substantial net loss ranging from approximately HKD 9.5 million to approximately HKD 10.5 million for the year ended 31 March 2020 as compared with a net loss of approximately HKD 2.3 million for the same period in 2019. The Board considers that the increase in net loss was primarily the outbreak of the novel coronavirus (COVID-19) epidemic and lower value of contracts awarded to the Group; (ii) loss arising from change in fair value of the financial assets; and (iii) an increase in finance cost due to increase in borrowing during the year ended 31 March 2020.