The Board of Morris Holdings Limited provided further information to the Shareholders and potential investors that, based on a further review on the unaudited consolidated management accounts for the year ended 31 December 2019 of the Group and the information currently available to the company, the Group expects to record a loss of approximately RMB 120 million attributable to the shareholders for the year ended 31 December 2019 as compared to a profit of approximately RMB 86 million attributable to the Shareholders for the year ended 31 December 2018.