Wison Engineering Services Co. Ltd. provides earnings guidance for the year ending 31 December 2020. The Group is expected to record a significant loss for the financial year ending 31 December 2020 as compared to that for the financial year ended 31 December 2019. Such significant loss is primarily due to (i) construction projects of the Group have been postponed and slowed down as a result of macroeconomic factors and cyclical changes in the oil and gas industry; (ii) the continuation of the pandemic and global trade factors have brought about delay in the delivery of materials and equipment, and shortage of labor resources and cross-border relocations, resulting in a year-on-year decline in the gross profit margin of certain projects under construction of the Group; (iii) the provision for impairment on financial and contract assets in accordance with the International Financial Reporting Standards has increased year-on-year; (iv) fair value losses in respect of financial assets at fair value through profit or loss is recognised in current year; and (v) relevant depreciation expenses have increased year-on-year resulting from the change in accounting policy during the year.