Asia Television Holdings Limited provided group earnings guidance for the six months ended 30 June 2020. The Company is expected that the Group will record a substantial decrease in the unaudited consolidated loss attributable to owners of the Company for the six months ended 30 June 2020 as compared with the unaudited consolidated loss attributable to owners of the Company recorded in the corresponding period in 2019. The expected decrease in the unaudited consolidated loss attributable to owners of the Company was mainly attributable to the net effect of: the recognition of the gain on the derivative financial instruments of approximately RMB 44,437,000 due to the re-measurement of the phase 2 of the convertible bonds to be issued upon the completion of the subscription of convertible bonds under specific mandate at the reporting date; a decrease in the fair value loss on financial assets at fair value through profit or loss of approximately RMB 26,304,000 as compare to the same period of the last year; an absence of the recognition of the gain on disposal of intangible asset of approximately RMB 11,025,000 recognized in the same period last year; and an increase in share of loss of an associate, impairment of an associate and loss on deemed disposal of an associate of approximately RMB 26,945,000 as compare to the same period of the last year.