China Fortune Holdings Limited provided earnings guidance for the year ended December 31, 2020. For the year, the company expected that the Group may record a consolidated loss of approximately HKD 5.9 million for the year ended 31 December 2020 as compared to a consolidated loss of approximately HKD 32.8 million for the year ended 31 December 2019. The decrease in consolidated loss for the year is mainly attributable to (i) an impairment loss on goodwill of HK$6.0 million in the year ended 31 December 2019, while there is no such loss made for the year ended 31 December 2020; (ii) an impairment loss recognised in respect of plant and equipment of HKD 5.2 million in the year ended 31 December 2019, while there is no such impairment loss in respect of plant and equipment made for the year ended 31 December 2020; (iii) gain on deemed disposal of subsidiaries of approximately HKD 6.3 million; (iv) gain on disposal of subsidiaries of approximately HKD 3.1 million; and (v) income tax credit of approximately HKD 4.5 million.