Eminence Enterprise Limited provided consolidated earnings guidance for the year ended 31 March 2020. The Group is expecting to report a net loss of not less than HKD 200.0 million for the year ended 31 March 2020 as compared with the net profit of approximately HKD 50.5 million for the year ended 31 March 2019, owing considerably to the impact of the worldwide outbreak of the novel coronavirus (COVID-19) pandemic. The expected loss was mainly attributable to (i) loss on changes in fair value of investment properties; (ii) impairment loss on properties held for development for sale; and (iii) net loss on modification of terms of convertible notes issued by the Company. Such loss was partially offset by the increase in rental income from newly acquired properties and gain on the disposal of subsidiaries during the year.