The Board of Directors of Figtree Holdings Limited informed that the Government of Singapore, on 3 April 2020, has issued Circuit Breaker Measures which is effective from 7 April 2020 to 4 May 2020 (the "Effective Period"). These Measures include restrictions to businesses such as all work premises to be close, except for those in key economic sectors and essential services. In complying with the Measures, the Group's Singapore Office will be closed throughout the Effective Period. Construction works for the Group's ongoing projects will also cease during the Effective Period. All employees who are able to, will be working from home. However, some employees who are located at these construction sites may periodically return to the sites to supervise essential activities on site such as mosquito fogging, etc. At this stage, due to the temporary cessation of construction works and closure of the Group's office premise, the company is unable to quantify, nor determine the true extent of the financial impact of the Measures on the earnings per share and net asset value per share of the Group for the financial year ending 31 December 2020. However, the Covid-19 pandemic and its effects on the global and domestic economy are expected to impair the Group's earnings capacity and ability to secure new projects in the next 12 months. The company will resume its business operations and construction works fully after the expiry of the Effective Period, subject to any further directive from the Government of Singapore. However, the Board will continue to monitor the evolving situation and will make any necessary announcement(s) as and when there are material developments on this matter.