Softpower International Limited provided consolidated earnings guidance for the six months ended 30 June 2020. The board of directors of the company announced that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, it is expected that its results for the six months ended 30 June 2020 would turn from a net profit attributable to equity holders of the Company approximately HKD 1,537,000 as recorded for the six months ended 30 June 2019 to a net loss attributable to equity holders of the Company of no more than HKD 5,000,000. This is mainly due to their new business segment in China being negatively impacted by the Covid-19 pandemic, the stiff market competition and the uncompetitive production cost structure.