Yanchang Petroleum International Limited provided earning guidance for the year ended 31 December 2019. the Group is expected a loss of around HKD 435 million for the year ended 31 December 2019, compared to a profit of around HKD 6 million for the previous year. The loss of the Group is mainly attributable to (i) the loss of around HKD 59 million for the oil and gas production business in Canada due to the weak oil prices as a result of the U.S. ­ China trade dispute and the slowing global economy; (ii) the significant impairment provision amounted to around HKD 334 million made for the oil and gas assets of the Group due to the slowing global demand caused by the outbreak and spread of the coronavirus and the depressed crude oil prices which would be expected to persist in 2020; and (iii) the convertible bonds interest of around HKD 32 million.