Champion Technology Holdings Limited informed the shareholders of the Company and potential investors that, based on the currently available unaudited management accounts of the Group for the six months ended 31 December 2020 and the preliminary assessment by the Company's management, the Group is expected to record a consolidated net loss attributable to shareholders of not less than approximately HKD 30.7 million, as compared with a profit attributable to shareholders of approximately HKD 5.5 million for the six months ended 31 December 2019. The expected consolidated net loss attributable to shareholders as compared with the Previous Period is primarily attributed to (i) the reduction in contribution from the oil trading business; (ii) the non-recurrent gain on early redemption of promissory note payable recognized in Previous Period; (iii) the recognition of impairment loss of HKD 7.4 million on the value of the vessel; and (iv) the recognition of fair value loss of financial assets at fair value through profit or loss of HKD 3.6 million versus a gain of HKD 17.4 million in Previous Period.