Asia Financial Holdings Limited provided consolidated earnings guidance six months ended 30 June 2020. Reference is made to the company's profit warning announcement dated 15 May 2020. The board of directors (the "Board") of the Company would like to provide further information to the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2020 which recorded a net loss attributable to shareholders of HKD 146.8 million as compared to the corresponding period in 2019 of a net profit attributable to shareholders of HKD 133.7 million (a drop of HKD 280.5 million or 209.8%) and other information currently available to the Board, the Group is expected to record a net loss attributable to shareholders for the six months ended 30th June 2020 as compared to the net profit attributable to shareholders of approximately HKD 244.6 million for the six months ended 30 June 2019. The net loss is mainly due to the significant realised and unrealised losses of the Group's investment portfolio as a result of the downturn in the Global equity markets. For the three months ended 31 March 2020, the net investment loss (both realised and unrealised) was HKD 194.1 million (whereas a net investment profit for three months ended 31 March 2019 was HKD 98.0 million).