Dragon King Group Holdings Limited provided earnings guidance for the three months ended 31 March 2020. For the period, the Group expected to record a significant decrease in revenue for the three months ended 31 March 2020 of approximately 50.7% or HKD 59.3 million as compared to the corresponding period in 2019. The Group further expected to record a net loss of approximately HKD 9.1 million for the three months ended 31 March 2020 as compared to a profit of approximately HKD 0.5 million recorded in the corresponding period in 2019. The Board considered that the significant decrease in revenue and the net loss was mainly attributable to the outbreak of the novel coronavirus (COVID-19) epidemic and the resulting anti-epidemic measures implemented which had adverse impacts on the number of customers in visiting restaurants. Nevertheless, the Group has implemented cost-saving measures including but not limited to negotiating with landlords for rent concession, unpaid leaves for the Group's employees and some sales stimulating measures including but not limited to expanding the take-away services to partially offset the aforesaid impacts.