EVA Precision Industrial Holdings Limited provided unaudited earnings guidance for the six months ended 30 June 2020. The company is expected that the Group would record a loss of around HKD 65 million to HKD 75 million for the six months ended 30 June 2020. The expected loss is mainly due to: (1) reduction in turnover as a result of the production stoppage and the slowdown in business activities caused by the COVID-19 coronavirus outbreak; (2) additional costs incurred since the COVID-19 coronavirus outbreak, including the costs of carrying out various hygiene measures in the Group's industrial parks and the extra costs for the procurement and transportation of raw materials and parts (especially those imported from overseas countries) under the transport restrictions imposed after the pandemic outbreak; (3) an increase in net exchange loss which was caused by the weakening of foreign currencies against Hong Kong dollars during the period; and (4) a reduction in government grants. Furthermore, the expected loss may constitute a technical breach of certain financial covenants under the Group's various bank loan arrangements with its principal banks. The directors are actively negotiating with the relevant banks and are cautiously optimistic that waivers of such technical breach, if any, will be granted by the banks, taking into consideration the Group's record of good performance under the relevant loan agreements.