The board of directors of StarGlory Holdings Company Limited informed the shareholders of the company and potential investors that, based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 March 2019 and information currently available to the Board, the Group is expected to record a loss attributable to owners of the Company not exceeding HKD 77 million for fiscal year 2019 as compared to a loss attributable to owners of the Company of approximately HKD 38 million for the year ended 31 March 2018.

The loss was mainly attributable to recognition of impairment loss on goodwill in an amount not exceeding HKD 55.1 million for fiscal year 2019. Excluding the recognition of impairment loss on goodwill, the Group recorded a decrease in loss attributable to owners of the Company for fiscal year 2019 as compared with last year.