The board of directors of Success Universe Group Limited informed the shareholders of the Company and potential investors that based on the draft unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the Group is expected to record an unaudited consolidated loss for the six months ended 30 June 2020 in the range of approximately HKD 120 million to HKD 150 million as compared with an unaudited consolidated profit of approximately HKD 48.7 million for the six months ended 30 June 2019. Notwithstanding a fair value gain on the Group's listed equity securities acquired during the period was recorded, the Group's unaudited consolidated loss for the six months ended 30 June 2020 was mainly attributable to (i) the Group's share of a substantial loss of the associates relating to Ponte 16, the investment project of the Group (the "Associates"), as a result of the outbreak of COVID-19 since early 2020 which has severely affected the financial performance of the Associates; and (ii) a fair value loss on the Group's investment properties as well as write-down of carrying amount of the Group's stock of properties.