Shaw Brothers Holdings Limited provided Group earnings guidance for the six months ended 30 June 2020. The Group expects to record a loss attributable to the owners of the Company for the six months ended 30 June 2020 (the "Period") as compared to a profit of approximately RMB 1.5 million for the corresponding period last year. The negative result was mainly due to the decreased contribution from films and drama, and artiste and event management businesses during the Period. The outbreak of COVID-19 since early 2020 has dented the sentiment in Hong Kong and mainland China's entertainment industry as a whole. As a result, there has been deferral in the release and development of certain films and drama projects and decline in external commercial engagements in artiste and event management businesses during the Period.