Tao Heung Holdings Limited provided consolidated earnings guidance for the year ended 31 December 2020. The Group is expecting to record a decrease in revenue of approximately 35% to 40% for the period as compared to the corresponding period in 2019 and a loss attributable to equity holders of the Company of approximately HKD 56 million to HKD 61 million for the period as compared to a profit attributable to equity holders of the Company of HKD 125 million for the corresponding period in 2019, mainly due to the impact of the outbreak of the novel coronavirus disease (COVID-19) and the subsequent anti-epidemic precautionary measures including restrictions on catering business premises imposed in Hong Kong and Mainland China to the operations of the Group since January 2020. Based on the information currently available, the expected loss for the reporting year is mainly attributable to: a drop in revenue of the Group in the range of 35% to 40% as compared to the year ended 31 December 2019; and impairment loss on property, plant and equipment and rights-of-use assets for restaurants of the Group that were underperformed during the Period.