Lai Fung Holdings Limited announced that based on the preliminary unaudited consolidated management accounts of the Group, the board of directors of the Company informed shareholders of the Company and potential investors that the Group is expected to record a consolidated loss attributable to the owners of the Company for the six months ended 31 January 2020 as compared to a consolidated profit for the six months ended 31 January 2019. The decline in the Group's results for the Period is primarily due to the decrease in fair value of the investment properties held by the Group, which will result in the recognition of a significant fair value loss arising from revaluation of the Group's investment properties for the Period.