Ying Kee Tea House Group Limited informed the shareholders of the Company and potential investors that, based on its initial assessment of the latest unaudited consolidated management accounts of the Group, the Group is expected to record an increase in consolidated net loss for the year ended 31 March 2020 of approximately 120% as compared with the audited consolidated net loss of approximately HKD 2.75 million for the year ended 31 March 2019. The Board considers that such increase was mainly due to (i) the decrease in sales as compared with that for the year ended 31 March 2019 as a result of the continuous social incidents and the outbreak of the novel coronavirus (COVID-19) during the year and (ii) the increase in administrative expenses, including rental expenses and staff costs, attributable to addition of a concessionary counter in Shatin and a beverage shop in Tsim Sha Tsui.