PAX Global Technology Limited provided earnings guidance for the year ended 31 December 2020. For the year, the company expects to record an increase of not less than 40% in net profit for the Reporting Period as compared to HKD 625 million for the financial year ended 31 December 2019. The Board considers that the expected increase in net profit is mainly attributable to the following factors:- (i) Overseas markets have recorded strong revenue growth in the second half of the year, in particular the Latin America and the Commonwealth of Independent States region, the Europe, Middle East and Africa region and the United States of America and Canada region; and (ii) Android solutions have gained popularity across the globe. The increased shipment and sales proportion to the Group's revenue attributable to Android solutions have also improved the Group's gross profit margin.