The board of directors of Tai Cheung Holdings Limited announced that, based on the preliminary review of the Group's unaudited consolidated management accounts for the year ended March 31, 2020, the Group expects to record a substantial decrease of more than 40% in the profit attributable to equity holders of the Company for the Year as compared to that of last year. Such decline in profit is mainly attributable to the expected substantial decrease of more than 80% in the revenue of the Group for the Year as compared to that of last year. Such decline in revenue is mainly due to significant decrease in property sales in Hong Kong as a result of weak market sentiment amid lingering local social unrest and the coronavirus pandemic during the Year.