Minmetals Land Limited provided earnings guidance for the six months ended June 30, 2020. The board of directors of the company informs the shareholders of the company and the potential investors that, based on the information currently available to the company, the net profit for the six months ended 30 June 2020 is expected to record a significant decrease as compared to the corresponding period of last year. It is anticipated that there will be an unrealised revaluation loss on the Group's investment properties resulting from the COVID- 19 pandemic and accordingly, the Company has engaged a valuer to assess the impact. In addition, the Board expects that there will be a reduction in the amount of properties to be delivered at the end of June and a drop in gross profit margin, which would also affect the profit for the first half of the year. The Company is currently ascertaining the effect of the above mentioned factors.