Wharf Real Estate Investment Company Limited provided preliminary unaudited group financial guidance for the six months ending 30 June 2020. Based on the management information currently available to the Company and an assessment of market conditions, the Board of Directors of the Company advised shareholders and investors of its preliminary estimation that the Group may report a loss for the six months ending 30 June 2020, as compared to the Group's profit attributable to equity shareholders of HKD 6,989 million for the corresponding period in 2019, due mainly to the extreme market conditions' adverse impact on the Group's investment properties and hotels, and the likely unrealised revaluation deficit of the Group's investment properties and hotels thus caused.