OP Financial Limited provided earnings guidance for the year ended March 31, 2020. For the year, the company expected to record a net loss compared with the net profit recorded by the Group for the year ended 31 March 2019. The Board believes that the reversal from profit to loss is mainly attributable to, including but not limited to, the following reasons: the decrease in the Group's investment business as a result of the slowing of China's economic growth, the prolonged social movements in Hong Kong in the second half of 2019, and the outbreak of COVID-19 pandemic this year; unrealised revaluation loss pertaining to certain investments held by the Group that were negatively impacted by the plunge of global stock market and substantial drop in oil prices this year; the provision for impairment of certain projects made in a prudent way to counter the risks brought by the uncertainties of global economic growth.