The board of directors of Asia Financial Holdings Limited announced the shareholders of the Company and potential investors that, based on a preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2020 and other information currently available to the Board, the Group is expected to record a net loss for six months ended 30 June 2020 as compared to the net profit of approximately HKD 244.6 million for the six months ended 30 June 2019. The net loss is mainly due to the significant realized and unrealized losses of the Group's investment portfolio as a result of the downturn in the Global equity markets. The overall asset also dropped within 10% during the period.