Huscoke Holdings Limited announced based on a preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 ("FY2020"), while it is expected that the Group will record an operational profit of approximately HKD 113 million for FY2020 due to the decrease in selling expenses through change of means of coke transportation to achieve the shift of transportation costs to most of the customers. In addition, the Group is expected to record a consolidated loss that is between approximately HKD 142 million to HKD 398 million as compared to a consolidated profit of approximately HKD 15 million for the year ended 31 December 2019. The expected consolidated loss for FY2020 is primarily attributable to the recognition of non- result of the reduced production capacity of GRG Huscoke's 4.3-metre Coking Furnace (the "Expected Impairment Loss") since 28 December 2020, and the amount of the Expected Impairment Loss is expected to be between approximately HKD 256 million and HK$511 million. As at the date of this announcement, in order to safeguard the heating needs of the city, 50% of production capacity of GRG Huscoke's 4.3-meter Coking Furnace is still operating and will be shut down at any time in response to relevant government requirements.