Beijing Enterprises Medical and Health Industry Group Limited board of directors announced that based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 December 2020 and the information currently available to the Company, it is expected that loss attributable to the owners of the Company for the year ended 31 December 2020 will decrease by approximately 55% to 60% as compared with the corresponding period in 2019. The decrease in loss is principally due to impairment of investment in associates, goodwill and other assets of approximately HKD 382,000,000 recorded by the Group in the previous year, whereas the impairment of the same for the current year has significantly decreased to approximately HKD 65,000,000. In addition, a gain of approximately HKD 48,876,000 on one-off disposal of a subsidiary by the Group for the previous year was recognised, whereas a loss of approximately HKD 27,000,000 on disposal of a subsidiary was recognised for the current year. Excluding the above reasons, operating loss for the current year was substantially in line with the previous year.