Esprit Holdings Limited informed the shareholders of the latest business developments of the Group amid the recent outbreak of the novel coronavirus (COVID-19). Since the outbreak of the Pandemic, many countries have implemented public health measures and taken various drastic actions in order to slow down the spread of the Pandemic. These measures have resulted in the closure of a significant number of stores as a consequence of the entire lock down of public life, namely in France, Italy, Spain, Poland and Austria with other European countries most likely to follow; obviously apparel retail sentiments is at its lowest level possible and store traffic in the Group's retail stores and its partners' points of sale has subsided entirely. In addition, the logistics of the supply chains of merchandise shipments are significantly affected. The Pandemic will significantly adversely impact the sales of the Group in the second half of the current financial year ending 30 June 2020, and as a result, the management expects the Group to incur a considerable loss in the second half of fiscal year 2019/20.