Guan Chao Holdings Limited reported preliminary earnings results for the five months ended 31 May 2020. The board of directors of the Company announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the five months ended 31 May 2020, the Group's profit attributable to equity holders of the Company for the five months ended 31 May 2020 has significantly decreased by approximately 56% as compared to that for the corresponding period in 2019 (excluding the effect of listing expenses) which was mainly attributable to the substantial decline in revenue resulting from temporary closure of the Group's showrooms for the period from 7 April 2020 to 18 June 2020 (both days inclusive) due to the safe distancing measures implemented by the Ministry of Health of Singapore to curb further spread of COVID-19.