China Apex Group Limited informed the shareholders and potential investors of the Company that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 and information currently available to the Board, the Group is expected to record a net loss of not less than HKD 40 million for the year ended 31 December 2019. The expected loss was primarily attributable to the combined effect of the deterioration of gross profit margin of zipper business and the fair value loss on financial asset at fair value through profit or loss.