Global Mastermind Holdings Limited provided consolidated earnings guidance for the six months ended 30 June 2020. For the six months, the board of directors of the company informed the shareholders of the company and potential investors that the loss attributable to owners of the company for the six months ended 30 June 2020 expects to increase by not less than 200% as compared to the loss of HKD 50.74 million for the six months ended 30 June 2019. This significant increase in the loss attributable to owners of the company for the six months ended 30 June 2020 was mainly due to: a significant decrease in service income from the provision of travel related services resulted from the outbreak of COVID-19 pandemic; a significant increase in impairment losses on loan and trade receivables as the forward-looking information indicating there has been an increase in credit risk caused by COVID-19 pandemic; and a significant increase in loss on fair value changes of investment properties.