Eindec Corporation Limited provided earnings guidance for the year 2020. For the year, the Group is expected to report a profit before tax (Expected PBT). The Expected PBT was mainly attributable to the following: (a) new stream of revenue reported by Henan Eindec Construction & Technology Co., Ltd, a 51%-owned subsidiary of the Company, for the trading of building materials; (b) new stream of revenue reported by Henan Yunzhi Security Technology Co., Ltd, a 35%-owned subsidiary of the Company (acquired on 30 September 2020), for the trading and installation of building materials including doors and windows for residential projects; (c) receipt of grant pursuant to the Job Support Scheme and foreign worker levy rebate implemented by Singapore Government; and (d) decrease in administrative expenses as a result of better cost management amidst the COVIC-19 pandemic.