Central Development Holdings Limited provided consolidated earnings guidance for the six months ended 30 September 2020. The Group expects to record a decline in the Group's revenue by approximately 75% to 80% as compared to the six months ended 30 September 2019. Such decline in revenue was mainly attributable to (i) the decline in customers' demand and sales orders of the Group's solar energy products as a result of the continuous impact of COVID-19 (the novel coronavirus pneumonia) outbreak on the overall global economy and the escalated Sino-U.S. trade conflicts; (ii) delay of product shipments to some countries, such as the United States and India, because of the lockdown measures and related restrictions imposed by the government(s) of their respective jurisdictions; and (iii) a lower demand for the Group's products of the jewelry business because of weak consumer sentiment and the postponement of several international jewelry trade shows which in turn reduced the potential buyers.