The board of directors of Ri Ying Holdings Limited informed the potential investors and the shareholders of the Company (Shareholders) that, based on a preliminary review on the unaudited consolidated management accounts of the Group for the five months ended 29 February 2020, the Group is expected to record a net profit of approximately HKD 19.0 million for the five months ended 29 February 2020 as compared with a net loss of approximately HKD 1.5 million for the corresponding period in 2019.