Asia-express Logistics Holdings Limited provided unaudited consolidated earnings guidance for the six months ended September 30, 2020. For the six months, the company expected to record a net loss of approximately HKD 3.0 million to HKD 5.0 million for the six months ended 30 September 2020, as compared to a net profit of approximately HKD 3.4 million for the corresponding period in 2019. Such expected net loss is mainly attributable to the increase in the operating expenses and depreciation of property, plant and equipment incurred for the expansion of warehousing and X-ray screening business in the Air Freight CFS Warehouse during the six months ended 30 September 2020. The Company is still in the process of finalising its unaudited consolidated results for the six months ended 30 September 2020. The information contained in this announcement is only a preliminary assessment by the Board based on the unaudited consolidated management accounts of the Group and the latest information currently available, and is not based on any figures or information which have been reviewed by the audit committee of the Company.