Far East Orchard Limited provided profit guidance for the Six Months Ended June 30, 2020. For the period, following a preliminary review of unaudited financial results of the Group for the half year ended June 30, 2020, the Company wishes to advise shareholders that the Group expects to report a net loss for the first half of 2020. The expected net loss for the first half of 2020 is due mainly to losses expected at the Group's hospitality business which was adversely impacted by the COVID-19 pandemic, impairment on valuation of hospitality assets as well as impairment on goodwill arising from its hospitality property ownership business in Australia. The Group has sufficient liquidity to meet its operational needs and financial commitments and will continue to exercise prudent balance sheet management.