G.A. Holdings Limited informed that based on the preliminary review of the unaudited consolidated management accounts of the Group (the Management Accounts) for the three months ended 31 March 2020 and the information currently available to the Group, the Group is expected to record a net loss of not less than HKD 1.0 million for the three months ended 31 March 2020 as compared to a net profit of approximately HKD 6.1 million for the three months ended 31 March 2019. The Board considered that the significant decrease in turnover and gross profit which led to the net loss for the three months ended 31 March 2020 was mainly attributable to the extension of the lunar new year holiday, various stay-home orders implemented across all cities, and restrictions imposed on business resumption in the People's Republic of China to control the outbreak of the novel coronavirus (COVID-19) epidemic since January 2020.