The board of directors of Landing International Development Limited announced that shareholders of the Company and potential investors that based on the information currently available to the Board, the Group is expected to record a slight decrease in consolidated revenue of approximately 3% and a decrease of approximately 10% to 20% in consolidated net loss for the year ended 31 December 2020 as compared with the previous financial year ended 31 December 2019. The expected decrease in consolidated revenue was mainly due to the outbreak of COVID-19 leading to the drop of visitation to the Group's foreigner-only casino; and reduction of property sale activities. However, as a result of the increase in consumption and visitation by domestic customers in South Korea, an increase in revenue generated from integrated resort was recorded in the second half of the Year. Despite the decline in consolidated revenue for the Year, mainly attributable to the decrease in operating expenses and employee benefit expenses; decrease in fair values of investment properties; and decrease in impairment of trade and other receivables, property, plant and equipment, it is anticipated that there was a decrease of approximately 10% to 20% in consolidated net loss for the Year as compared with the previous financial year ended 31 December 2019.