U Banquet Group Holding Limited provided earnings guidance for the six months ended 30 June 2020. The Group expects to record profit attributable to the equity holders of the Company for the six months ended 30 June 2020 as compared to the loss attributable to the equity holders of the Company of approximately HKD 10.5 million for the corresponding period in 2019. The expected improvement of results of the Group were mainly attributable to the gain on disposal of subsidiaries in the amount of not less than HKD 70.0 million, of which the disposal was completed on 28 May 2020.