The board of directors of Hong Kong Education (Int'l) Investments Limited announced that, based on its preliminary review of the unaudited consolidated management accounts of the Group for the year ended 30 June 2020, the Group is expected to record net loss of not less than HKD 65.0 million for fiscal 2020 (Fiscal 2019: net loss of HKD 76.8 million.) The aforesaid amount of loss for 2020 is further subject to the amount of the impairment loss on goodwill and certain receivables and the fair value of the Group's financial assets for which the Company is still assessing. Therefore, the amount of loss for 2020 as aforesaid is likely to increase and subject to further change. Based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 30 June 2020, the revenue of the Group has decreased by approximately 30% to 40% as compared to that for the year ended 30 June 2019.