Wing Fung Group Asia Limited provided earnings guidance for the first quarter ended March 31, 2020. As disclosed in the results announcement and the annual report of the Company for the year ended 31 December 2019, the outbreak of novel coronavirus ('COVID-19') may affect the financial results of the Group. Based on the information currently available to the board of directors of the Company and upon the preliminary review of the latest unaudited consolidated management accounts of the Group, the Board wishes to inform shareholders of the Company and potential investors that the Group expects to record a decrease in the revenue of the Company of approximately 30%­40% for the three months ended 31 March 2020 (‘the Period’) as compared to the corresponding period of 2019. The Group also expects the net profit of the Company to reduce by at least 75%, or even a possible loss, for the period as compared to the net profit of approximately HKD 4.3 million in the corresponding period of 2019. The Board considered that the reduction in revenue and profit for the Period was primarily attributable to delays in building schedule and suspension of construction works of on-going projects of the Group in February and March 2020 due to theoutbreak of the novel coronavirus (COVID-19) epidemic.