Gemilang International Limited provided earnings guidance for the year ended October 31, 2020. The company announced that based on the preliminary assessment made by the Company's management of the unaudited consolidated management accounts of the Group for the year ended 31 October 2020 and the information currently available to the Company, the Group is expected to record a decline of profit attributable to the equity owners by more than approximately 80% as compared with that in the year ended 31 October 2019. The decline in revenue of approximately USD 32 million for the year ended 31 October 2020 as compared to that in the year ended 31 October 2019 caused by the decrease in sale orders and postponement of production and delivery schedules of projects under the adverse business environment; and the expected credit losses provision of approximately USD 0.7 million recognized due to the increased in overdue aging of account receivable and uncertainty on the repayment of account receivables during the year ended 31 October 2020.