The Board of Directors of OUE Limited announced a preliminary review of the unaudited financial results of the Group for the first half ended 30 June 2020, the Group is expected to record a loss attributable to shareholders for First half 2020 as compared to profit attributable to shareholders of SGD 61.9 million recorded in the first half ended 30 June 2019. The loss for First half 2020 is mainly attributable to the fair value loss booked on disposal of approximately SGD 310.0 million in relation to the sale of U.S. Bank Tower at 633 West fifth Street, Maguire Gardens at 700 W. Fifth Street and Westlawn Garage at 524 Flower Street, Los Angeles, California, United States of America. The loss expected to be recorded for First half 2020 is also attributable to the adverse impact of the COVID-19 outbreak on the Group, taking into account the tenant support measures that the Group has put into place for eligible tenants, including rental reliefs, rent deferment, rental rebates and flexible payment schemes, and weaker performance from the hospitality division. The Company is in the process of finalising its First half 2020 financial results, and will provide further details on the Group's financial performance when it releases its unaudited financial results for First half 2020 on or before 14 August 2020. Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.