China Tian Yuan Healthcare Group Limited informed the shareholders of the company and potential investors that, based on the preliminary assessment of the latest available unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the Group is expected to record a net loss of not less than HKD 100 million as compared to the net loss of approximately HKD 190 million for the year ended 31 December 2019. Based on the information currently available, the expected loss for the year ended 31 December 2020 was mainly attributable to an expected impairment loss on trademark which is estimated to be approximately HKD 65 million; and decrease in revenue mainly due to the exclusion of revenue from hospitality segment which was amounted to approximately HKD 66 million and classified under discontinued operation in 2019.