Casablanca Group Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2020. The company anticipated that the unaudited consolidated profit attributable to the Shareholders for the six months ending 30 June 2020 is expected to decrease substantially as compared to that for the corresponding period in 2019. Based on the information currently available, the expected substantial decrease in the unaudited consolidated profit attributable to the Shareholders was mainly attributable to a decrease in sales of the Group for the Period which resulted from (i) the adverse impacts on self-operated retail sales from the outbreak of COVID-19 pandemic in Hong Kong and Mainland China in early 2020, and (ii) less wholesales achieved. The management estimates that there will be a decrease in sales of the Group by roughly around 30% for the Period as compared to that for the corresponding period in 2019. Based on the review of the unaudited consolidated management accounts of the Group for the five months ended 31 May 2020 and the information currently available, a trend of rebound in the Group's retail sales in Hong Kong with improvement of consumer sentiment since April 2020 is observed. With not less than HKD 150 million of cash and cash equivalent as of 30 June 2020 as estimated by the management, the liquidity of the Group remains very strong. The Group will closely monitor the market situation and the development of COVID-19 pandemic and will focus on closing some unprofitable self-operated points of sales in Mainland China and grasping all available wholesales opportunities for the rest of this year to maximize the profitability of the Group.