The board of directors of Silk Road Energy Services Group Limited informed the shareholders of the Company and potential investors that based on preliminary management accounts of the Group and information currently available to the Company, the Group expects to record a loss attributable to owners of the Company in the range of HKD 47 million to HKD 50 million for the nine months ended 31 March 2020. The expected increase in loss is mainly attributable to the recognition of a significant impairment losses by the Group in respect of customer contracts and property, plant and equipment owing to the significant decrease in the expected future revenue of the Group as a result of the non-renewal of coal mining service agreements by a major customer as disclosed in Company's interim report for the six months ended 31 December 2019.