The Board of Directors of Old Chang Kee Ltd. and together with its updated shareholders on the impact of Coronavirus Disease 2019 ("Covid-19") on its current state of affairs and outlook. In Singapore, to date, the Group has streamlined operating stores since the start of the "circuit breaker" period in early April 2020. Out of a total of 89 operating stores in Singapore, the Group has temporarily closed 22 stores, which are mainly located in the central or tourist belts, or in the parks. For overseas markets, the Group's central kitchen in Iskandar Malaysia and Perth outlet remain open, while the company has temporarily closed 4 outlets in Kuala Lumpur and London. master franchisee in Indonesia have also temporarily closed all their outlets in Jakarta. The situation in the overseas markets remain grave, especially in London. The Group is currently in the early stages of assessing the impact of potential impairment to assets in the overseas markets. The Group has been prudent with its spending over the past years. Provided that the health crisis does not deteriorate materially resulting in the complete closure of all retail outlets for an extended period, the Board is of the opinion that the Group's cash balance is sufficient to buffer against the impact of Covid-19 in the next reporting period and for the next 12 months.