The board of Directors of ENM Holdings Limited that based on the unaudited consolidated management accounts of the Group for the eleven months ended 30 November 2020 the Group recorded a loss of approximately HKD 29 million or the eleven months ended 30 November 2020 as compared to a profit attributable to shareholders of the Company of HKD 46.2 million for the year ended 31 December 2019. Such loss was mainly attributable to negative contributions from the Group's fashion retail business and club operations mainly due to the COVID-19 situation in Hong Kong, resulting in poor local consumer sentiment, statutory restrictions in permitted activities at the club operations under the relevant government regulations, and the virtual elimination of mainland and other tourist arrivals.