The board of directors of Celebrate International Holdings Limited informed the shareholders and potential investors that, based on a preliminary review of the unaudited financial information of the Company and its subsidiaries (collectively the "Group"), the Group is expected to record a material decrease in unaudited condensed consolidated loss for the nine months ended 31 March 2020 (the "Period") as compared to the loss for the nine months ended 31 March 2019. The expected unaudited condensed consolidated net loss mainly attributable to decrease in fair value loss on financial assets at fair value through profit or loss of approximately HKD 0.5 million (for the nine months ended 31 March 2019: loss of approximately HKD 70.8 million). Also, the Group incurred a loss on loss of control of liquidating subsidiaries amounted to approximately HKD 48.6 million for the Period (for the nine months ended 31 March 2019: loss of approximately HKD 12.4 million).