The board of directors of New Silkroad Culturaltainment Limited informed the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 (the "Year 2019"), the Group is expected to record a substantial loss for the Year 2019 as compared to the profit of approximately HKD 55,383,000 for the year ended 31 December 2018 (the "Year 2018"). The deterioration of the results for the Year 2019 was mainly due to the realization of an accounting loss of approximately HKD 82,761,000 from the discontinued operation of (Shenzhen Niiwoo Financial Information Services Ltd.) upon its disposal.