The board of directors of hmvod Limited informed the shareholders of the Company and potential investors that, based on an initial assessment of the unaudited consolidated management accounts of the Group for the six months ended 30 September 2019, it is expected that the Group will record a loss for the six months ended 30 September 2019 as compared with the consolidated profit attributable to owners of the Company for the six months ended 30 September 2018 due to a one-off gain of approximately HKD 32,904,000 recognized on disposal of subsidiaries for the six months ended 30 September 2018.