Sino Splendid Holdings Limited Board informed the Shareholders and potential investors that, based on a preliminary assessment on the unaudited condensed consolidated management accounts of the Group for the year ended 31 December 2020 and information currently available to the Board, the Group may record a net loss of not less than HKD 10 million for the year ended 31 December 2020 as compared to a net loss of approximately HKD 2.7 million for the year ended 31 December 2019, representing an increase in net loss of approximately HKD 7.3 million is mainly due to the COVID-19 pandemic spreading across the globe since the whole year of 2020.