The board of directors of Easyknit International Holdings Limited announced that based on the preliminary assessment of the unaudited consolidated management accounts of the group, the group is expecting to report a net loss of approximately more than HKD 140 million for the six months period ended 30 September 2019. The expected loss for the Period is primarily due to the loss on deemed disposal of equity interests in an associate; the decrease in revenue generated from the sales of properties since the Group did not roll out new properties during the Period; the decrease in gain on changes in fair value of investment properties; and the increase in impairment loss of financial assets.