Wharf (Holdings) Limited provided earnings guidance for the six months ended June 30, 2020. Based on the management information currently available to the Company and an assessment of market conditions, the Board of Directors of the Company (the "Board") wish to advise shareholders and investors of the preliminary estimation that the Group may report a loss for the six months ending 30 June 2020, as compared to a profit attributable to equity shareholders of HKD 2,450 million for the corresponding period in 2019, due mainly to the severe disruption caused by Covid-19 to the Group's investment properties and development properties during this period, including the likely unrealized revaluation or impairment losses on the Group's investment properties and development properties.