Simplicity Holding Limited announced that the company is anticipated that Group would record an increase in loss attributable to owners of the Company by more than 170% for the year ended 31 March 2020, as compared to the loss attributable to the owners of the Company of approximately HKD 16.1 million for the corresponding period in 2019. The anticipated increase in loss was primarily attributable to: the impairment loss on property, plant and equipment for three restaurants; the decrease in revenue as affected by the reduction of the number of restaurants as well as the severe economic downturn as caused by the social instabilities and the coronavirus outbreak; the loss on written-off/disposal of property, plant and equipment due to the closure of the company's restaurants; staff costs were remained high despite revenue was dropped; and impairment of interest in an associate.