Pak Fah Yeow International Limited provided consolidated financial guidance for the six months ended 30 June 2020. Based on preliminary assessment of the management accounts of the Group, the board of directors of Pak Fah Yeow International Limited announced that the Group is expected to record a consolidated net loss attributable to the owners of the Company for the six months ended 30 June 2020 of approximately HKD 48.0 million, representing a decrease of approximately 325% as compared to the published consolidated net profit attributable to the owners of the Company of HKD 21.3 million for the same corresponding period in 2019. The Board considers that the expected decrease was mainly attributable to (1) a significant decrease in the sales revenue of Hoe Hin products for the six months ended 30 June 2020 of not less than 40% as compared to HKD 69.5 million of the corresponding period in 2019, which was mainly due to adverse economic conditions from the outbreak of COVID-19; and (2) a significant unrealised fair value loss on the Group's investment properties of approximately HKD 44.5 million as compared to the unrealised fair value loss of HKD 3.6 million of the corresponding period in 2019 due to assessment of property valuation.