Memories Group Limited announced that the Group expects to report an overall operating loss for its unaudited financial results for the 18 months financial period ended 30 September 2020 as its revenue has been severely impacted by the Covid-19 outbreak. The Group also suffered a large exchange loss due to the strengthening of the Kyats against the United States Dollars. The Group is in the process of finalizing the Group's unaudited financial results for eighteen months ended September 30, 2020 and the foregoing profit guidance is a preliminary assessment by the Board based on the information currently available.