Sa Sa International Holdings Limited provided earnings guidance for the year ended 31 March 2020. The board of directors of Sa Sa International Holdings Limited (the "Company") announced that based on its preliminary assessment of the unaudited consolidated management accounts of the Company and its subsidiaries (the "Group") for the year ended 31 March 2020 (the "Period"), excluding impairment losses on right-of-use assets and property, plant and equipment, the Group expects to record a loss of approximately HKD 260 million to HKD 300 million (including a one-off loss of approximately HKD 40 million resulting from the termination of its retail business in Singapore). After taking into account impairment losses on right-of-use assets and property, plant and equipment of HKD 240 million to HKD 300 million, the Group expects to record a loss of approximately HKD 500 million to HKD 600 million for the Period as compared to a profit of HKD 471 million for the corresponding period last year. The above-mentioned provision for impairment losses of approximately HKD 240 million to HKD 300 million would be made in accordance with the Hong Kong Accounting Standard 36 that apply to the retail store assets (including the right-of-use assets and property, plant and equipment), and the impairment losses arise because of losses at the Group's retail stores (especially those located in the tourist districts of the Hong Kong SAR) due to drastic decline of sales amid the outbreak of COVID-19.