Eminence Enterprise Limited provided earnings guidance for the six months ended September 30, 2020. The company announced that based on the preliminary assessment of the unaudited condensed consolidated management accounts of the Group, the Group is expecting to report a net loss of not less than HKD 60.0 million for the six months ended September 30, 2020 as compared with the net loss of approximately HKD 12.4 million for the six months ended September 30, 2019, owing considerably to the impact of the worldwide outbreak of the novel coronavirus (COVID-19) pandemic. The expected increase in loss was mainly attributable to (i) loss on changes in fair value of investment properties; (ii) write-down on properties held for development for sale; and (iii) no gain on disposal of subsidiaries recorded during the current period. Such increase in loss was partially offset by the net loss on modification of terms of convertible note recognized in corresponding period last year.