Great Wall Pan Asia Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2020. For the six months, the company expected to record an unaudited consolidated loss attributable to the Shareholders of approximately HKD 208 million to HKD 230 million and basic loss per share of approximately HK 13.29 cents to HK 14.69 cents for the Reporting Period as compared to the unaudited consolidated profit attributable to the Shareholders of approximately HKD 487 million and basic earnings per share of HK 31.07 cents for the six months ended 30 June 2019, which is primarily attributable to: the expected fair value losses arising from the revaluations of the Group's investment properties as at 30 June 2020, as compared to the fair value gains on investment properties for the corresponding period in 2019; and the expected share of loss of an associate of the Group for the Reporting Period arising from the fair value losses on revaluations of the investment properties of such associate, as compared to the share of profit of an associate of the Group for the corresponding period in 2019. The decrease in appraised value of the investment properties of the Group and its associate (which mainly comprise of commercial properties) was a result of the unprecedented adverse market condition caused by the outbreak of COVID-19 pandemic in the first half of 2020.