The Board of Soundwill Holdings Limited and potential investors that based on information currently available to the Board, it is expected the Group may record a significant decrease in profit attributable to Shareholders by approximately 93% for the six months ended 30 June 2020 (the "Period"), as compared with that of HKD 1,005 million for the six months ended 30 June 2019. The anticipated decline in the profits of the Group is mainly due to a revaluation loss of approximately HKD 122 million on the Group's investment properties as of 30 June 2020 as compared to a valuation gain of HKD 809 million as of 30 June 2019. The total revenue of the Group during the Period is approximately HKD 366 million and is similar to the total revenue of HKD 361 million for the six months ended 30 June 2019. The rental income of the Group during the Period is approximately HKD 249 million and decreases around 11% as compared with HKD 280 million rental income for the corresponding period in 2019. The decrease in rental income is due to, among other factors, the rental waivers the Group has been granting to its tenants in response to the adverse impact to their business brought by COVID-19 outbreak.