PROFIT ALERT
The Board wishes to inform the Shareholders and the public that, based on the preliminary review on the unaudited management accounts of the Group for the year ended 31 December 2020 and the information currently available to the Board, the Group expects to record an increase in loss attributable to Shareholders for the year ended 31 December 2020 mainly attributable to (i) the increase in finance costs from HK$27.4 million to approximately HK$51.5 million principally related to the acquisition and enhancement of the Graphene segment, and (ii) the increase in impairment losses on goodwill and other intangible assets from HK$11.6 million to approximately HK$23.6 million mainly attributable to the catering segment of the Group, represented by Thai Gallery (HK) Limited, as a result of Covid-19, despite a rise in revenue.