Hong Wei (Asia) Holdings Company Limited provided earnings guidance for the six months ended 30 June 2020. For the period, the Company expects to report a loss attributable to owners of the Company of approximately HKD 2.8 million for the six month ended 30 June 2020, compared to a profit of approximately HKD 0.2 million recorded in the same period in 2019. Such decrease was mainly due to the reduction of revenue and gross profit of the Group as a result of the decrease in the sales volume of particleboards and average unit selling price due to COVID-19, and the depreciation of the exchange rate of Renminbi to Hong Kong dollars, which was partly set-off by the decrease in selling and distribution expenses, and administration expenses.