Shentong Robot Education Group Company Limited provided that based on a preliminary assessment on the consolidated management accounts of the Group for the year ended 31 March 2021, the Group is expected to record a consolidated net loss of not more than HKD 24 million and consolidated revenue of approximately HKD 4.5 million to HKD 5.5 million. The improvement of result was primarily due to the decrease in the impairment losses on certain property, plant and equipment, right-of-use assets, goodwill and intangible assets (the "Impairment Losses") from approximately HKD 335.8 million for the year ended 31 March 2020 to nil for the year ended 31 March 2021. The decrease in revenue was primarily due to the interruption of business operation caused by the outbreak of COVID-19. The robotics classes of Group which are normally conducted at schools and training centres of the Group have been suspended for the period from the end of the January 2020 to August 2020 and from the start of the January 2021 to mid of February 2021 due to the precaution measures imposed by the local government in the PRC.