Zhejiang United Investment Holdings Group Limited provided that for the six months ended 31 October 2019 group is expected to record a loss of approximately HKD 16.4 million for the six months ended 31 October 2019 as compared to a loss of approximately HKD 6.5 million for the six months ended 31 October 2018. Such expected increase is mainly due to the share based payment expenses in relation to the grant of share options as disclosed in the Company's announcement dated 23 September 2019.