The board of directors of Golden Resources Development International Limited announced that, based on the preliminary review of the Group's unaudited consolidated management accounts and the information currently available, the Group is expected to record a net loss for the year ended 31st March 2020, as compared to a net profit for last year ended March 31, 2019. The change from profit to loss of the Group's results is due to a net unrealized loss of approximately HKD 50 million on the changes in fair value of financial assets at fair value through profit or loss.