The board of directors of Amber Hill Financial Holdings Limited informed the shareholders of the Company and potential investors that based on the preliminary assessment of the unaudited consolidated management accounts of the Group for its second interim period of twelve months ended 31 December 2020, it is expected that the Group will record a significant decrease in its net loss for the 2020 Second Interim Period by not less than 80% as compared to the net loss of approximately HK$383.4 million for the year ended 31 December 2019. The expected significant decrease in the net loss of the Group during the 2020 Second Interim Period, as compared with that for the Year 2019, is mainly attributable to the non-recurrence of loss on deconsolidation of subsidiaries of approximately HKD 120.2 million; impairment losses on goodwill and various asset (including both tangible and intangible assets) of approximately HKD 268.3 million in aggregate; and fair value gain on contingent consideration receivables of approximately HKD 54.5 million, all being recognized in the Year 2019 but not in the 2020 Second Interim Period.