The board of directors of REM Group (Holdings) Limited announced that based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 and other information currently available, it is anticipated that the Group will record a net loss of not less than HKD 31 million for the year ended 31 December 2020 as compared to a net profit of approximately HKD 11.0 million for the year ended 31 December 2019.