The board of directors of the Hang Sang (Siu Po) International Holding Company Limited informed the shareholders of the company and potential investors that based on the information currently available to the Board and the preliminary review of the Group's unaudited consolidated management accounts for the year ended 30 June 2020, the Group is expected to record a loss and total comprehensive expense of approximately HKD 10 million, as compared with a profit and total comprehensive income of approximately HKD 2 million per audited consolidated financial statements for the year ended 30 June 2019. Based on the relevant information currently available to the Board, the expected loss in the Group for FY2020 was mainly attributable to the decrease in revenue and gross profit as a result of the outbreak of Novel Coronavirus Disease epidemic and the uncertainties of the global economy and an impairment loss of property, plant and equipment of the Group.