The board of the directors informed the shareholders of Huabang Financial Holdings Limited and potential investors that based on the preliminary assessment of the Group's unaudited consolidated management accounts for the year ended 31 March 2020 and the information currently available to the Company, it is expected that the Group will record a net profit of approximately HKD 9 million for the year ended 31 March 2020 as compared to the net loss position for the year ended 31 March 2019, mainly due to increase in overall operating revenue of the Group for the year; decrease in provision for impairment of account receivables and loan receivables; and decrease in overall general and administrative expenses of the Group for the year.