The board of directors of the Excalibur Global Financial Holdings Limited announced that, based on the preliminary review and analysis of the unaudited financial information of the Group for year ended 31 December 2019, the Group is anticipated to record a loss attributable to equity shareholders of the Company for the year ended 31 December 2019 as compared to a profit attributable to equity shareholders of the Company of approximately HKD 19.5 million for the year ended 31 December 2018. The Board attributed such deterioration in financial performance primarily to the expected decrease in brokerage commission from futures and options broking of the Group from approximately HKD 50.7 million for the year ended 31 December 2018 to approximately HKD 18.9 million for the year ended 31 December 2019 and increase in marketing expenses recognized during the year ended 31 December 2019.