Perennial International Limited provided earnings guidance for the year ended 31 December 2020. The Group is expected to record a loss attributable to the Shareholders of not less than HKD 19 million for the year ended 31 December 2020 as compared to the loss attributable to the Shareholders of approximately HKD 13,198,000 for the corresponding period in 2019. The Board considered that the aforesaid loss was mainly due to a decrease in fair value of the Group's investment property, land and buildings of approximately HKD 4.4 million; and a provision for impairment loss on trade receivables of approximately HKD 15.7 million.