China Ocean Group Development Limited announced that the group expected to record a significant decrease in revenue for the nine months ended 31 December 2020 of approximately 24% as compared to approximately HKD 625 million for the corresponding period in 2019. The Group is further expected to record a loss attributable to equity holders of approximately HKD 6 million for the nine months ended 31 December 2020 as compared to a profit of approximately HKD 18 million recorded in the corresponding period in 2019.