The board of directors of Deson Development International Holdings Limited informed the shareholders of the Company (the ``Shareholders'') and potential investors that, based on preliminary assessment of the unaudited consolidated management accounts of the Group, the Group expects to record a net loss attributable to owners of the Company for the six months ended 30 September 2020 (the ``Reporting Period'') of not more than HKD 10 million, as compared to a net profit attributable to owners of the Company of approximately HKD 5 million for the six months ended 30 September 2019. Based on the information currently available to the Board, such net loss attributable to owners of the Company was mainly attributable to the following factors: there was a substantial decrease in revenue of the Group of approximately 79% in the Reporting Period as compared to six months ended 30 September 2019 mainly because there was a one-off sale of the entire Zhu Ji Lane (``'') project in Kaifeng, the People's Republic of China (the ``PRC'') (total saleable area of approximately 13,000 square metres) to a single customer at a consideration of RMB 160 million (equivalent to approximately HKD 176 million) during six months ended 30 September 2019, which did not recur in the Reporting Period; the process of seeking potential buyers for the remaining properties was delayed due to the outbreak of 2019 coronavirus pandemic (the ``COVID-19 Outbreak''); the decrease in rental income from approximately HKD 15 million for the six months ended 30 September 2019 to approximately HKD 13 million for the Reporting Period because of the rental concession granted by the Group to the tenants of the certain commercial properties in Kaifeng, the PRC due to the COVID-19 Outbreak; and the increase in interest expenses from approximately HKD 1 million for the six months ended 30 September 2019 to approximately HKD 4 million for the Reporting Period as more loans were obtained by the Group.