S E A Holdings Limited board of directors announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the Group expects to record a net profit for the six months ended 30 June 2020 which would be approximately 40% lower than the net profit for the corresponding period in 2019. The expected decline of profit principally reflects the impact of adverse market conditions caused by the COVID-19 pandemic on the Group's hotel business and performance of financial investment.