Success Universe Group Limited board of directors announced that based on the draft unaudited consolidated management accounts of the Group for the year ended 31 December 2020, the Group is expected to record an unaudited consolidated loss for the year ended 31 December 2020 in the range of approximately HKD 130 million to HKD 150 million as compared with an audited consolidated profit of approximately HKD 74.2 million for the year ended 31 December 2019. Notwithstanding that a fair value gain on the Group's overseas listed equity securities acquired during the year was recorded, the Group's unaudited consolidated loss for the year ended 31 December 2020 was mainly attributable to (i) the Group's share of a substantial loss of the associates relating to Ponte 16, the investment project of the Group, as a result of the outbreak of COVID-19 since early 2020 which has severely affected the financial performance of the Associates; and (ii) a fair value loss on the Group's investment properties as well as write-down of carrying amount of the Group's stock of properties.