Merdeka Financial Group Limited provided earnings guidance for the nine months ended 30 September 2020. The company expected to record a net loss of approximately HKD 84.3 million for the nine months ended 30 September 2020 as compared to the net loss of approximately HKD 25.0 million for the nine months ended 30 September 2019. The net loss was mainly due to the impairment loss on finance lease receivables of approximately HKD 78.0 million. Such impairment loss on finance lease receivables is a non-cash item. Given the businesses of both corporate finance advisory and asset management services continuously contribute revenue and operating profit to the Group since they commenced businesses in late 2019, should the impairment loss of finance lease receivables be excluded, the net loss of the group would be approximately HKD 6.3 million, which represented a significant drop in net loss as compared with the net loss of HKD 25.0 million for the nine months ended 30 September 2019.