Shanghai Zendai Property Limited provided earnings guidance for the year ended December 31, 2020. For the period, the group expects to record an increase in loss attributable to owners of the company for the year ended December 31, 2020 of about 10%, as compared to the loss attributable to owners of the company for the year ended December 31, 2019. Based on a preliminary review of the management accounts of the group and information currently available to the company, the group expects to record a substantial increase in the group 's turnover of about 240% due to an increase in properties being delivered and recognized as revenue during the reporting period. Due to a substantial increase in income tax and land appreciation tax provided for the reporting period in accordance with the increase in delivery of properties, the loss after taxation for the reporting period is expected to increase of about 10% as compared to the prior year.