MBV International Limited provided group earnings guidance for the year ended 31 December 2020. The board of directors of the Company informed the shareholders of the Company and potential investors that, based on the latest assessment by the Board with reference to the preliminary unaudited consolidated management accounts of the Group for the year ended 31 December 2020 (the reporting period) currently available, the Group may record a net loss for the Reporting Period, as compared to the net profit of approximately MYR 19.6 million for the year ended 31 December 2019, primarily due to (i) a decrease in sales of approximately 39% in the Reporting Period when compared with the corresponding period last year, and (ii) an increase in listing expenses incurred during the Reporting Period.