The Directors of Okura Holdings Limited announced that, based on the preliminary review of the unaudited management accounts of the Group for the eleven months ended 31 May 2020 as compared with that for the eleven months ended 31 May 2019, the Group is expected to record a decrease in profit before income tax of approximately 83%. Such expected decrease in the profit before income tax was mainly attributable to the drop in revenue as a result of the temporary closure of all 17 pachinko halls of the Group during various periods between April and May 2020 due to the outbreak of COVID-19 in Japan, as disclosed in the Announcements. Due to the uncertain outlook of the Group's pachinko halls in light of the adverse market conditions in the pachinko industry following the outbreak of COVID-19 in Japan, the Group is also expected to record impairment losses on its property, plant and equipment and right-of-use assets as at 30 June 2020. Depending on the Group's financial and operating results for June 2020 which may affect the extent of Impairment Losses to be recognized, the Group's financial performance for the year ending 30 June 2020 may deteriorate further, and the Directors anticipate that the Group's performance for the year will decline significantly as compared with that for the year ended 30 June 2019. The Company is still assessing the amount of Impairment Losses and shall make further announcement on the expected decrease in profit before income tax in due course, if applicable, in accordance with the requirements of the Listing Rules.