Chinese Food and Beverage Group Limited provided earnings guidance for the nine months ended 30 September 2020. For the period, the company expects that the Group will record a profit of approximately HKD 3.7 million for the Reporting Period as compared to a loss of approximately HKD 9.3 million for the corresponding period, mainly attributable to, among the others, (i) gain on disposal of subsidiaries of approximately HKD 9.0 million (30 September 2019: Nil); (ii) decrease in selling and distribution expenses of approximately HKD 2.6 million; and (iii) decrease in administrative and other operating expenses of approximately HKD 4.4 million.