Neway Group Holdings Limited announced that the year 2020 will be an extremely challenging year, especially for the Manufacturing and Sales Business. The demand for and supply of China-made products have been negatively affected by the punitive tariffs imposed by the U.S. government which have orders from the PRC to other Asian countries. The impact is gradually seen in the financial performance of the Group and is expected to persist in year 2020. Moreover, the coronavirus disease 2019 (COVID-19) pandemic is affecting people's daily life and the global economy. Although the outbreak seems to have stabilized in the PRC, it is rapidly spreading elsewhere in the world. Unfortunately, since a viable vaccine is still under development, the growth of global economy will be jeopardized because more and more countries or cities enter into lockdown and half the movement of people to combat this public health emergency. In addition, the impact of Brexit is unknown and yet to be seen. Accordingly, it will not be easy for the Group to deliver the annual sales target set for Year 2020.