Earthasia International Holdings Limited announced that based on the preliminary review on the unaudited management accounts of the Group for the six months ended 30 June 2020 and the information currently available to the Board, the Group expects to record an increase in loss attributable to shareholders for the six months ended 30 June 2020 by more than 60% to over HKD 43 million, as compared with a loss attributable to shareholders of approximately HKD 27.3 million for the six months ended 30 June 2019. In August 2019, the Group completed the acquisition of Think High Global Limited and commenced the graphene business, which contributed additional revenue of approximately HKD 85 million to the Group for the six months ended 30 June 2020 and offset the decrease in revenue for both landscape architecture segment and catering. However, there was increase in loss attributable to shareholders due to the increase in finance cost to approximately HKD 26 million arisen from promissory note and other borrowings; and the increase in operating loss and potential impairment loss on the Group's catering segment mainly represented by Thai Gallery (HK) Limited due to the outbreak of the novel coronavirus pandemic (‘COVID-19’) since January 2020.