In Construction Holdings Limited provided earnings guidance for the year ended 31 March 2020. The board of directors of the Company (the "Board") wishes to inform the shareholders and potential investors of the Company that, based on preliminary assessment by the Board of the unaudited management accounts of the Group for the year ended 31 March 2020, the Group is expected to record a decrease of not less than 70% in its consolidated net profit for the year, as compared to last year. Such decrease was primarily attributable to, among other factors, suppressed contract prices for both the public and private sectors due to severe competition in the foundation market, and work done for a few foundation projects are at their preliminary stages with low certified revenue and gross profit for the year ended 31 March 2020.