Tian Chang Group Holdings Ltd. provided consolidated earnings guidance for the year ended December 31, 2020. The Group is expected to record a decrease in revenue by around 40% for the year ended 31 December 2020 as compared to the revenue for the year ended 31 December 2019 of HKD 1,251 million and a drop in net profit by around 45% for the year ended 31 December 2020 as compared to the net profit for the year ended 31 December 2019 of HKD 127.2 million. The Board considers that the expected decrease in net profit and revenue are mainly attributable by the impact of the novel coronavirus (COVID-19) pandemic, the process of new products development was slower than as planned which reduced the orders for new products.