Tongda Group Holdings Limited provided earnings guidance for the six months ended June 30, 2020. For the period, the company expects profit attributable to the Shareholders would decrease by 85% to 95% as compared with that of HKD 315.8 million for the same period last year. The Board considers that, the decrease in profit attributable to the Shareholders as compared with the same period last year was mainly due to the Group's existing products faced fierce competition and the spread of the novel coronavirus epidemic throughout the world during the Period caused the delay of the Group's expected product upgrades, resulting in the decrease in the Group's gross profit and gross profit margin; and the Group expected to record a net exchange loss during the Period, compared with a net exchange income of approximately HKD 85.6 million in the same period last year.