Superland Group Holdings Limited provided earnings guidance for the year ended 31 December 2020. The board of directors of the Company announced that, after a preliminary assessment of the information currently available to the Board, including the unaudited consolidated management accounts of the Group, the Group expects to record a decrease by approximately 45% to 50% of the profit and total comprehensive income for the year ended 31 December 2020 as compared to the profit and total comprehensive income of approximately HKD 33.7 million for the year ended 31 December 2019. Such decrease was mainly due to the decrease in revenue by not more than approximately 25% for the year ended 31 December 2020 as compared to the same period in 2019 which was mainly attributable to: contrary to what the Directors and many others had wished that the outbreak of the coronavirus pandemic (COVID-19) would be under control gradually in June 2020 and that the economy would improve positively in the second half of 2020, the actual outcome of the persistent outbreak of COVID-19 in the second half of 2020 further intensified the economic downturn of Hong Kong and dampened market sentiment, which was a disincentive for property developers to commence new property projects, thus unexpectedly delaying or reducing the number of new fitting-out projects that could be awarded to the Group in the second half of 2020; and the persistent outbreak of COVID-19 in the second half of 2020 further delayed the progress of some of the Group's fitting-out projects on hand which greatly affected the revenue recognition of such projects accordingly.