Hanvey Group Holdings Limited board of directors announced that, based on a preliminary assessment by the Board of the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2020 and the information currently available to the Board, the Group is expected to record a loss attributable to the owners in the range of HKD 13 million to HKD 14 million for the nine months ended 30 September 2020 as compared to the loss attributable to the owners of approximately HKD 2.09 million for the nine months ended 30 September 2019. The Board considers that such an increase in loss is mainly due to, among others, the decline in revenue as a result of the outbreak of the novel coronavirus (COVID-19) pandemic and the lockdown measures imposed by various countries which have led to a decrease in the demand for and thus sales of the products.