The board of directors of Tsaker Chemical Group Limited provided that based on the preliminary review of the unaudited consolidated management accounts of the Group for the four months ended 30 April 2020, the net profit attributable to owners of the Company for the four months ended 30 April 2020 has significantly decreased by approximately 65% as compared with that for the four months ended 30 April 2019. Based on such information, the Board expects that the Group may record a considerable decrease in its net profit attributable to owners of the Company for the six months ending 30 June 2020, as compared with that for the six months ended 30 June 2019. Such decrease was mainly attributable to the decrease in average market price of dye intermediate, the Group's major product, due to market conditions including but not limited to the impact from the novel coronavirus (COVID-19) pandemic in the first four months of 2020, .as compared with the same period in 2019, which led to the decrease in revenue and gross profit margin of the Group during the relevant period.