Honbridge Holdings Limited provided earnings guidance for the period ended March 31, 2020. The Group is expected to record approximately HKD 35 million (over 64.3% decrease) revenue for the period ended 31 March 2020 ("First Quarter of 2020") as compared to the approximately HKD 98 million revenue for the period ended 31 March 2019 ("First Quarter of 2019"). The decreased in revenue was mainly due to the novel coronavirus (COVID-19) pandemic, it widely affected different industries including the new energy vehicles industry, the business of the Group in the PRC was generally halted in February and the operation has only restored gradually in March. In addition, the Group has completed the deemed disposal of Shandong Forever New Energy Co. Ltd. in March 2020 and recognised a one-off, non-cash loss of approximately HKD 58 million. As a results, as compared to the approximately HKD 10 million loss attributable to owners of the Company for First Quarter of 2019, the loss attributable to owners of the Company for the First Quarterly of 2020 is expected to be approximately HKD 68 million.