CAA Resources Limited provided earnings guidance for the six months ended June 30, 2020. The Group is expected to record a loss of not less than USD 28 million for the six months ended 30 June 2020 (the 'Period'), compared to a profit of approximately USD 2.8 million for the six months ended 30 June 2019. Such loss was mainly attributable to (i) no revenue was recorded by the Group during the Period; and (ii) the impairment loss on financial assets, net of reversal, in the sum of approximately USD 17.7 million, both as a result of the financial difficulties faced by the Group and its clients in the People's Republic of China under the challenging economic environment which is due to, among others, the impact of COVID-19.