China Electronics Huada Technology Company Limited provided consolidated earnings guidance for the five months ended 31 May 2020. Based on the unaudited consolidated management accounts of the Group for the five months ended 31 May 2020 and other information currently available, the Group is expecting to record a decline of approximately 50% to 60% in the consolidated profit attributable to owners of the Company for the six months ending 30 June 2020 as compared to the six months ended 30 June 2019. Such expected decline in profit is primarily due to a decrease in revenue for the six months ending 30 June 2020 as compared to the corresponding period of last year due to the impact of the COVID-19 pandemic which has led to a reduction in the overall commercial activity and resulted in a decrease in market demand of integrated circuit chip products; and the fact that for the six months ended 30 June 2019, the Group had recognized a one-off gain before taxation of HKD 9.1 million arising from the disposal of a building in the People's Republic of China.