Tai Ping Carpets International Limited provided earnings guidance for the six months ending June 30, 2020. The Board anticipates that the Group's unaudited loss attributable to the shareholders for the six months ending 30 June 2020 will be significantly higher than the figures for the same period last year. The higher than expected unaudited loss is principally due to the COVID-19 pandemic which disrupted the Company's factory operations in China in the first quarter, and has since delayed the placement of orders, and delivery of goods in its major US and European markets.