Hao Bai International (Cayman) Limited provided earnings guidance for the quarter and year ended March 31, 2020. For the year, the company expects net loss not less than HKD 20 million. Such loss was mainly attributable to substantial drop of revenue recorded by the Group in respect of the Reporting Period during which Hong Kong has been undergoing a historic economic downturn spawned by months of the large-scale protests, violent demonstrations and outbreak of coronavirus pandemic. For the quarter, the company expects revenue to be HKD 6.7 million.