The board of the directors of the Chuang's Consortium International Limited provided earnings guidance for the financial year ended 31 March 2020, the group expects to record a loss attributable to equity holders of the company ranging from approximately HKD 700 million to HKD 760 million for the year ended 31 March 2020 as compared to a profit of approximately HKD 1,227 million for the last corresponding year. Despite having recorded an increase in the fair value gain on transfer of properties from properties for sale to investment properties, the Group expects to report a loss for the year ended 31 March 2020 which is principally attributable to (i) the fair value loss of investment properties of the Group; (ii) the increase in fair value loss of bond investments as nearly all bonds held by the Group were trading below their par value as at 31 March 2020; and (iii) the absence of the gain on disposal of subsidiaries recorded in the last corresponding year.