The board of directors of Zhejiang United Investment Holdings Group Limited informed the shareholders of the company and potential investors that, based on the preliminary review of the unaudited condensed consolidated management accounts of the Group for the nine months ended 31 January 2020 and the current information available to the Board, the Group is expected to record a loss of approximately HKD 20.1 million for the nine months ended 31 January 2020 as compared to a loss of approximately HKD 7.2 million for the nine months ended 31 January 2019.