IMS Group Holdings Limited provided consolidated earnings guidance for the three months ended 30 June 2020. For the period, the Group is expected to record a profit of approximately HKD 1.3 million for the three months ended 30 June 2020, as compared to a profit of approximately HKD 2.9 million for the corresponding period of 2019; and a decrease in revenue for the three months ended 30 June 2020 of approximately 33.9% as compared with that of the corresponding period of 2019. The decreases in revenue and net profit of the Group in the Relevant Period were primarily attributable to the: as the novel coronavirus disease ("COVID-19") pandemic continued to spread worldwide, most countries implemented temporary closure of parts of business premises and anti-epidemic policies since March 2020, causing the sales volume of the Group to decrease and thereby resulting in a decline in sales revenue of the Group; and the COVID-19 pandemic resulted in delay in resuming production, employees returning to work and supply of materials, as well as imbalance of production and increase in cost of anti-epidemic measures after the Chinese New Year, which led to a reduction in productivity and an increase in operating costs of the Group.