Television Broadcasts Limited announced that since the beginning of social unrest in June 2019, adversity in the economy and business environment in Hong Kong, and uncertainties in global markets have given rise to sharp decline in the Group's advertising revenue. This decline brought amarked negative effect on the reportable results of the Hong Kong TV Broadcasting segment "Broadcasting Segment" and on the Group's results, before any impairment charge/loss, for the year ended 31 December 2019 (Year 2019). Based on a preliminary set of unaudited consolidated management accounts of the Group, the Group estimates that its net profit for Year 2019, before any impairment charge/loss, will be small. Based on the above, the loss attributable to equity holders of the Company for Year 2019, after the impairment charge/loss, has been estimated to exceed the net loss of HKD 199 million reported in Year 2018.