Allan International Holdings Limited announced that based on the preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 March 2020 and the information currently available to the Board, the Group is expected to record a net loss within the range of HKD 17.0 million to HKD 22.0 million for the year ended 31 March 2020 as compared with a net profit of HKD 28.1 million recorded by the Group for the year ended 31 March 2019. The expected loss was mainly due to: (a) a decrease in the fair value of investment properties in Hong Kong of HKD 52.4 million for the year ended 31 March 2020 as compared to an increase of HKD 46.4 million in the previous year; and (b) an amortization of deferred income of HKD 17.6 million was recorded for the year ended 31 March 2019 and no such income was recorded for the year ended 31 March 2020; and (c) a decrease in the turnover of the Group as a result of downturn in global business environment, the continuing Sino-US trade war and the recent outbreak of the novel coronavirus disease (COVID-19).