The board of directors of One Media Group Limited announced that, based on the information currently available which is subject to further review, the Group is expecting to record an increase of approximately 130% in loss before a one-off gain on lease modification of HKD 1.7 million for the first quarter ended 30th June 2020 as compared to the loss of HKD 3.8 million for the corresponding period in 2019. It is mainly attributable to the decrease in advertising revenue of the Group, as a result of the slowdown of the economy and the impact of coronavirus pandemic.