Reference is made to the announcement of Hop Fung Group Holdings Limited dated 28 February 2020 (the "Announcement") in relation to the profit warning of the results of the Company for the year ended 31 December 2019. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement. The Board of Directors would like to provide further information to the Shareholders and potential investors that, based on the Group's unaudited consolidated management accounts for the year ended 31 December 2019 and the information currently available, the Group is expected to record a loss attributable to owners of the Company of approximately HKD 30 million for the Reporting Year.