Macrolink Capital Holdings Limited provided earnings guidance for the six months ended 30 June 2020. For the six months, the company expected to record an unaudited loss for the Relevant Period of not less than HKD 30 million, as compared with the unaudited loss of approximately HKD 5,517,000 recorded by the Group for the six months ended 30 June 2019. The Board believes that such significant increase in loss was primarily attributable to (a) the profitability of the Group's trading business has been deteriorating due to the drop in selling price of the nickel products in the People's Republic of China resulting from the continued weakening domestic demand; (b) during the Relevant Period, there were fair value loss on financial instruments at fair value through profit or loss and fair value loss on investment properties in amounts of approximately HKD 4,622,000 and HKD 4,074,000, respectively, as compared with a gain on change in financial instruments at FVTPL of approximately HKD 4,285,000 and fair value gain on investment properties of approximately HKD 162,000 being recognised in the Corresponding Period; and (c) the Group recorded net foreign exchange loss in an amount of approximately HKD 7,076,000 during the Relevant Period, as compared with net foreign exchange gains of approximately HKD 4,403,000 being recorded in the Corresponding Period.