Yip's Chemical Holdings Limited provided earnings guidance for the six months ending 30 June 2020. For the six months, the company expected to record a profit for the six months ending 30 June 2020 which would be approximately 30% to 45% lower than the profit for the six months ended 30 June 2019. The aforesaid expected decline of profit of the Group is mainly attributable to certain one-off expenses comprising exchange losses, taxation and professional costs incurred totaling approximately HKD 19 million in the first half of 2020 as a result of corporate restructuring of the inks group in preparation for its proposed spin-off and separate listing on the Shenzhen Stock Exchange.