Tai Sang Land Development Limited provided earnings guidance for the six months ending June 30, 2020. Based on the management information currently available to the Company and an assessment of market conditions, the Board of Directors of Tai Sang Land Development Limited advised shareholders and investors of the preliminary estimation that the Group may report a loss for the six months ending 30th June 2020, as compared to a profit attributable to owners of the company of HKD 188.1 million for the corresponding period in 2019, due mainly to the disruption caused by Coronavirus Disease 2019 (COVID-19) to the Group's investment properties revaluation during this period, likely result in fair value losses on the Group's investment properties.