Sino Hotels (Holdings) Limited provided consolidated earnings guidance for the six months ending 31st December, 2019. For the period, the company based on the preliminary review of the unaudited consolidated management accounts of the Group for the five months ended 30th November, 2019, the Group's net profit decreased by approximately 94% as compared to that in the corresponding period in the last financial year. It is expected that the net profit of the Group for the six months ending 31st December, 2019 will be substantially lower as compared to that in the corresponding period in the last financial year. The performance of the Group was affected by the challenging business environment during the period under review. In response to the current market situation, the Group has implemented a series of measures to minimize the impact by introducing attractive packages and offers to increase revenue and at the same time, reducing variable costs and overheads. As the Group's unaudited consolidated management accounts for the five months ended 30th November, 2019 indicate that the Group has a strong cash position, the Board considers that the overall financial position of the Group remains sound and solid.