Major Holdings Limited provided unaudited consolidated earnings guidance for the year Ended March 31, 2020. For the period, based on the information currently available to the Board and its preliminary review of the unaudited consolidated management accounts of the Group, the Group is expected to record a loss after tax in the range of approximately HKD 30 million to HKD 35 million for the year ended 31 March 2020, as compared with the loss after tax of approximately HKD 1 million recorded by the Group for the year ended 31 March 2019. Such loss was primarily attributable to the drastic drop of sales turnover and gross profit arising from the weak consumer sentiment amidst the local outbreak of COVID-19 and social unrest.