The board of directors of Landing International Development Limited provided further information to the Shareholders and potential investors of the company that, based on the latest information currently available to the Board, the Group is expected to record a consolidated net loss for the Year ranged within ±5% as compared with the previous financial year ended 31 December 2019. The additional consolidated net loss incurred for the Year as compared to the range of approximately 10% to 20% expected decrease in loss previously stated in the Announcement is mainly attributable to the one-off impairment of goodwill and intangible assets for the Year. As such impairment loss is non-cash accounting treatment, it has no impact on the operating cashflow of the Group.