Tycoon Group Holdings Limited provided earnings guidance for the first half of 2020. For the period, the company expects to record, for 2020H1, (i) a substantial decrease in revenue by more than 50% (around HKD 229 million) compared to the six months ended 30 June 2019 ("2019H1") and (ii) a loss of more than HKD 45 million compared to a profit of approximately HKD 45 million for 2019H1. A more substantial than expected impact of COVID-19 on the Group's business, particularly, in the second quarter of 2020 Based on the preliminary assessment of the unaudited consolidated management accounts of the Group for 2020H1, the Group is expected to record a loss for 2020H1 primarily due to: The Group's revenue is currently expected to record a decrease by more than 50% (around HKD 229 million) compared to 2019H1. The Group operates two major segments, namely (a) the distribution business; and (b) the retail business, in selling and distributing a suite of health and well-being related products through online and offline sales channels. The majority of the Group's revenue is derived from its distribution business on an offline basis.