Yau Lee Holdings Limited provides earnings guidance for the year ending March 31, 2020. For the period, the company expected to record a net loss for the year ended 31 March 2020 as compared with the net profit recorded by the Group for the year ended 31 March 2019. The Board believes that the reversal from profit to loss is mainly attributable to, including but not limited to, the following reasons: substantial drop in hotel business as a result of a decline in Hong Kong's inbound tourism industry due to the social movement in the second half of 2019 and the outbreak of the COVID-19 pandemic this year; unrealised revaluation loss of the Group's investment properties in commercial sector; decrease in contribution from building material supply due to the temporary suspension of factory operation in Mainland China after the outbreak of COVID-19 pandemic and slower progress in certain construction projects.