The Board of Guangdong Tannery Limited announced that, based on a preliminary assessment of the company's unaudited consolidated management accounts for the nine months ended 30 September 2020, the unaudited consolidated net loss of the Company for the nine months ended 30 September 2020 is expected to decrease by over 50% as compared to the consolidated net loss of HKD 29.36 million for the corresponding period in 2019.