Chong Kin Group Holdings Limited provided earnings guidance for the six months ended 30 September 2020. For the period, the company expects to record an unaudited net loss in the range of approximately HKD 50 million to HKD 60 million for the Period as compared to an unaudited net loss of approximately HKD 10 million for the corresponding period in 2019. The Board considers that the expected decrease in the revenue and the net loss of the Group for the Period were mainly attributable to the reasons as follows:- (a) Decrease in revenue and segment results of the new energy vehicle and logistics related business due to (i) the major economies suffered significant negative impact from COVID-19 Epidemic and that had caused disruption to the businesses of the Group's customers and delays in operation and services by the Group; (ii) changes in the government policies on the promotion of new energy vehicles led to demand shrinkage in the new energy vehicle sales; and (iii) slowdown in customers' business expansion due to recent downturn of the economy, which has led to a decrease in demand for the Group's logistics services. (b) Decrease in revenue and segment results of the concrete placing and other ancillary services business due to (i) decrease in revenue due to the completion of sizeable projects during the Period; (ii) increase in subcontracting charges since the Group has engaged subcontractors with higher subcontracting charges; and (iii) increase in the overall construction costs due to the additional costs arising from the maintenance of required site staff and necessary machineries for the prolonged projects following the COVID-19 Epidemic during the Period.