Fulum Group Holdings Limited informed the shareholders of the Company and potential investors that, based on the information currently available to the Board, the Group is expected to record a net loss of over HKD 200 million for the year ended 31 March 2020 as compared to the profit for the year ended 31 March 2019 which amounted to approximately HKD 25.6 million. During the preliminary review of the Group's financial performance, the Board observed that the revenue of the Group for fiscal year 2020 was expected to drop in the range of 26% ­ 32% as compared to fiscal year 2019. Such decrease was mainly caused by the weak market sentiment amidst the social unreset in Hong Kong since June 2019, and the condition further deteriorated due to the outbreak of novel coronavirus disease (COVID-19) in the beginning of 2020.