NewOcean Energy Holdings Limited provided unaudited consolidated earnings guidance for the six months ended June 30, 2020. The company Group is expected to record a consolidated loss of approximately HKD 1,350 million for the six months ended 30 June 2020 as opposed to a consolidated profit approximately HKD 301 million recognized for the corresponding period in last year. The major reasons for the consolidated loss has been set out in the Announcements. On top of the particulars in the Announcements, based on the Board's assessment with reference to subsequent sales and trade receivable collection after 30 June 2020, the Board has made impairment provisions on trade receivables, inventories and property, plant and equipment amounted to approximately HKD 1.08 billion.