Impro Precision Industries Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the Board of Directors of the Company informed shareholders and potential investors that the Group expects to record a loss attributable to shareholders of not more than HKD 300 million for the Reporting Period as compared to a profit attributable to shareholders of HKD 300 million for the same period in 2019, which is primarily due to the impact of an impairment charge against goodwill and other intangible assets, and to lesser extent the reduction of revenue mainly due to COVID-19 pandemic. If the above-mentioned impairment charge against goodwill and other intangible assets is to be disregarded, the Group expects to record a profit attributable to shareholders of approximately HKD 150 to HKD 180 million for the Reporting Period.