Art Group Holdings Limited provided earnings guidance for the six months ended 31 December 2020. For the period the company expected that the Group may record a net loss of not less than HKD 288 million. The Board believes that such net loss is due to a decrease in fair value of the Group's investment properties, the Jiachao's Shopping Mall, of approximately HKD 403 million as a result of the COVID-19 pandemic spreading across the globe since the first half year of 2020.