Kingsmen Creatives Ltd. provided earnings guidance for the year ended 31 December 2020. Following a preliminary review of the unaudited financial results of the Group for the financial year ended 31 December 2020 ("FY2020"), the Group is expected to report a net loss for FY2020 compared to a net profit for the previous corresponding financial year ended 31 December 2019 mainly due to a decline in revenue and impairment losses on certain of the Group's assets. Notwithstanding the above, the Board believes that the working capital position of the Group remains healthy.