Ta Yang Group Holdings Limited provided earnings guidance for the year ended December 31, 2020. The company announced that, based on preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record a loss attributable to owners of the Company of approximately HKD 95.8 million for the year ended 31 December 2020 as compared to a loss attributable to owners of the company of approximately HKD 86.4 million recorded for the seventeen months ended 31 December 2019. Based on the information currently available, the expected loss was mainly attributable to the combined effects of: (1) impairment losses on goodwill, on interests in associates and under expected credit loss model due to the economic contraction stemming from the COVID-19 pandemic; and (2) decrease in other income and gain due to absence of gains from one-off disposal of property, plant and equipment and investment properties in the seventeen months ended 31 December 2019 and the decrease in fair value gain on investment properties.