Lai Sun Development Company Limited provided group earning guidance for the six months ended 31 January 2020. The Group is expected to record a consolidated loss attributable to the owners of the Company for the six months ended 31 January 2020 as compared to a consolidated profit attributable to owners of the Company for the same period last year. In addition to the factor set out in the January Announcement, the expected decline in the Group's consolidated results for the Period is primarily due to (i) the decrease in fair value of the investment properties owned by the Group and held through joint ventures of the Group, which will result in the recognition of significant fair value losses arising from revaluation of the Group's investment properties and share of losses from joint ventures of the Group for the Period; and (ii) lower profit contribution from the property sales of a joint venture project of the Group during the Period as compared to the same period last year.