The board of directors of Sitoy Group Holdings Limited informed shareholders of the company and potential investors of the company that, based on a preliminary review of the Group's unaudited interim condensed consolidated financial statements for the six months ended 31 December 2019, the profit attributable to owners of the company for the six months ended 31 December 2019 is expected to decrease significantly by approximately 55% to 65% as compared to the profit attributable to owners of the company of approximately HKD 114,819,000 for the corresponding period in 2018.