The board of directors of Beijing Enterprises Medical and Health Industry Group Limited announced that based on the preliminary review of the Group's unaudited consolidated management accounts for the year ended 31 December 2019 and the information currently available to the Group, it is expected that the Group will record a loss for the year ended 31 December 2019 as the Group expects that a provision for impairment loss on the investment in the listed associate, Beijing Sports and Entertainment Industry Group Limited, of approximately HKD 262,000,000 will be required, as compared to the profit of HKD 30,913,000 for the year ended 31 December 2018.