The Board of Directors of Pioneer Global Group Limited does not recommend the payment of a final dividend (2019: HK 3.1 cents per ordinary share) for the year ended 31 March 2020. In view of all of these uncertainties, the Group has maintained a resilient balance sheet, with strong liquidity position and low debt ratio (interest cover of 329% and total liabilities/total asset ratio of 23%). We shall remain vigilant, hence the Board does not recommend to pay a final dividend for the year ended 31 March 2020. But we are also confident that the Group will be able to weather the current volatile political and market conditions, and shall be in a position to take advantage of investment opportunities should a major price correction occur.