CBK Holdings Limited announced that after preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2020 and assessment of the information currently available, the board of directors of the Company informed the shareholders of the Company and potential investors that the Group is expected to record an increase in unaudited consolidated loss for the year of approximately HKD 3.3 million from approximately HKD 20.6 million for the corresponding period in last year to approximately HKD 23.9 million for the fiscal year 2020. To the best knowledge of the Directors, the increase in unaudited consolidated loss for the year was mainly attributable to the combined effect of (a) the decrease in number of customer visits to its restaurants affected by the weakened consumer sentiment under the social unrest in Hong Kong since June 2019, (b) the implementation of various epidemic preventive measures to increase social distancing among the public by the Hong Kong Government since the outbreak of novel coronavirus in January 2020 affected the number of customer visits to its restaurants, (c) an increase in loss on written-off of property, plant and equipment from approximately HKD 1.7 million for the fiscal year 2019 to approximately HKD 6.1 million for the fiscal year 2020 upon the closure of restaurants; and (d) the recognition of impairment loss in respect of right-of-use assets of approximately HKD 1.0 million for fiscal year 2020.