Miyoshi Limited provides profit guidance that the Group expects to report a loss for Fiscal Year 2020. The expected loss is mainly attributable to impairment losses recognised in connection with (i) the Group's investment in Core Power (Fujian) New Energy Automobile Co. Ltd. and (i) the impairment review exercise on Group's properties, plant and equipment for FY2020 and the lower revenue recognised due to a slowdown in business volume arising from the Covid-19 pandemic.