APAC Resources Limited provided group earning guidance for the year ended 30 June 2020. The board of directors of the Company (the "Board") wishes to inform the shareholders of the Company (the "Shareholders") and potential investors of the Company that based on the preliminary review of the unaudited consolidated management accounts of the Company and its subsidiaries (the "Group") for the year ended 30 June 2020 (the "2020 Year") and the information currently available, the annual results of the Group for the 2020 Year are expected to record a loss attributable to the Shareholders between HKD 350 million to HKD 500 million as compared to the profit attributable to the Shareholders of approximately HKD 608 million for the year ended 30 June 2019 (the "2019 Year"). The loss attributable to the Shareholders for the 2020 Year is mainly attributable to an expected provision for impairment loss on the carrying value of one of the Group's principal associates comparing to a reversal of impairment loss of HKD 656 million in the 2019 Year.