Merdeka Financial Group Limited provided group earnings guidance for the three months ended March 31, 2020. The board of directors of the Company informed the shareholders of the company and the potential investors that the Group is expected to record a net profit for the three months ended 31 March 2020 as compared to the net loss for the three months ended 31 March 2019. The net profit was mainly due to the reversal of the impairment loss on other receivables of approximately HKD 9 million and the net profit generated from the corporate finance advisory services, asset management business and corporate consulting business.