Solomon Systech (International) Limited provided earnings guidance for the six months ended June 30, 2020. For the period, the board of directors of the Company informed the shareholders and potential investors of the Company that, based on the preliminary review on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 and the information currently available to the Board, the Group is expected to record an unaudited consolidated profit attributable to shareholders of approximately USD 4.0 million for the six months ended 30 June 2020, which compares to an unaudited consolidated loss attributable to shareholders of approximately USD 9.6 million for the six months ended 30 June 2019. The turnaround in performance of the Group was mainly due to (i) increases in the average gross profit margin and gross profit amount attributable to a change in its product type mix recorded in revenue; (ii) a decrease in operating expenses as a result of the effective cost controls starting from the last quarter in 2019; and (iii) other income as a result from the disposal of certain non-current assets.