Easyknit International Holdings Limited provided earnings guidance for the six months ended 30 September 2020. For the period, the Group is expecting to report a net loss of approximately not less than HKD 70 million for the six months ended 30 September 2020 as compared with the net loss of approximately HKD 171 million for the six months ended 30 September 2019, owing considerably to the impact of the worldwide outbreak of the novel coronavirus (COVID-19) pandemic. The expected loss for the Period was mainly attributable to (i) loss on change in fair value of investment properties; (ii) impairment loss on properties held for development for sales; and (iii) loss on change in fair value of financial assets at value through profit or loss. Such loss was partially offset by the gain on bargain purchase of additional interests in associates.