Sun Hung Kai & Co. Limited provided earnings guidance for the six months ended June 30, 2020. The board of directors of the company announced that based on the information currently available to management of the Company and a preliminary review and assessment of the Group's latest unaudited consolidated management accounts for the six months ended 30 June 2020, the unaudited consolidated profit attributable to the owners of the Company for the six months ended 30 June 2020 is expected to show a significant decrease by approximately 50% as compared to the unaudited consolidated profit attributable to the owners of the company for the corresponding period in 2019. The primary reasons for the decrease are mark-to-market losses in financial instruments in the company's Investing Business as a result of significant market volatility, as well as lower interest income and higher provisions for expected credit losses for the Group's Lending Business during the on-going COVID-19 situation and market conditions.