The board of directors of China Industrial Securities International Financial Group Limited informed the shareholders of the company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2020 ("Year 2020"), the Group is expected to record a consolidated net loss of approximately HKD 442 million for year 2020 as compared to the consolidated net loss of approximately HKD 462 million for the corresponding period in 2019.