Sheen Tai Holdings Group Company Limited provided unaudited consolidated earnings guidance for the six months ended 30 June 2020. For the period, the company expects to record a net profit of not more than HKD 2 million for the Period as compared with a net loss for the corresponding period in 2019. Based on the information currently available to the Company, the Board considers that the turnaround of the Group's performance for the Period was primarily due to the decrease of price of the oil-related raw materials for manufacturing of BOPP films which contributed to a lower cost of goods sold and the decrease of administrative costs in the amount of approximately HKD 6 million due to the adoption of tightening financial measures during the Period in order to reduce the impact of COVID-19 on the operation of the Group.