Vantage International (Holdings) Limited provided earnings guidance for the year ending March 31, 2020. For the period, the company expected to record a net loss for the year ended 31 March 2020 as compared to the net profit of approximately HKD 740 million for the year ended 31 March 2019. The expected net loss was mainly attributable to nil property sales transaction was completed in current year while gross profit of approximately HKD 497 million was recorded from property sales for the year ended 31 March 2019; the expected net decrease in fair value of the Group's investment properties at current year end due to recent significant drop in property prices and rent for both residential and retail properties while the Group recorded net gain on changes in fair value of investment properties of approximately HKD 93 million in last year; the decrease in revenue from contract works segment as certain projects were still in the preliminary stage of development during the year ended 31 March 2020 and the suspension of certain site works to prevent the spread of novel coronavirus (COVID-19) in February 2020; the onetime write-off on the net book value of the building portion of Man Shung Industrial Building (Man Shung) of approximately HKD 42 million, following the decision to redevelop No. 7 Lai Yip Street, Kwun Tong, Kowloon, Hong Kong, the site where Man Shung is located at, as announced jointly by the Company and Able Engineering Holdings Limited (an indirect non-wholly owned subsidiary of the Company whose shares are listed on the Main Board of The Stock Exchange; stock code: 1627) on 7 January 2020; the increase in directors' remuneration, depreciation and other administrative expenses in current year; and the increase in finance costs due to higher average interest-bearing bank loan balance and interest rates of current year.