Shentong Robot Education Group Company Limited board of directors announced that, based on a preliminary assessment on the consolidated management accounts of the Group for the nine months ended 31 December 2019, the Group is expected to record a decrease in the consolidated net profit for the nine months ended 31 December 2019 as compare to the nine months ended 31 December 2018. The deterioration of results was primarily due to the decrease in revenue and gross profit and as disclosed in the Company's interim report for the six months ended 30 September 2019, the Group made impairment on certain property, plant and equipment, goodwill and right-of-use assets amounting approximately HKD 0.3 million, HKD 23.7 million and HKD 2.2 million respectively. The board further announced that, the Impairment Losses is primarily non-cash and non-recurring in nature. The Board considers that the financial position of the Company remains sound and the Impairment Losses will not have any impact on the core business operation.