The board of directors of Zhejiang United Investment Holdings Group Limited informed the shareholders of the Company and potential investors that, based on information currently available to the Board, the Group expects to record a loss of approximately HKD 14.6 million for the year ended 30 April 2019 as compared to a loss of approximately HKD 10.8 million for the year ended 30 April 2018. The expected increase in loss is mainly due to the increase in staff cost and additional rent and rates incurred in relation to the office of the Company in Hong Kong and in the People's Republic of China.