ENM Holdings Limited provided unaudited consolidated earnings guidance for the four months ended 30 April 2020. The board of Directors of the company, and together with its subsidiaries, the "Group") wishes to inform the shareholders of the Company and potential investors that based on the information currently available to the company including the unaudited consolidated management accounts of the Group for the four months ended 30 April 2020 (the "April 2020 Management Accounts") and a result of the COVID-19 situation and market conditions during the four months ended 30 April 2020, there have been significant declines in the market value of the Group's investment portfolio as a result of the downturn in the global securities markets; and a negative contribution from the Group's fashion retail business and club operations mainly due to the COVID-19 situation in Hong Kong, resulting in poor local consumer sentiment, statutory restrictions in permitted activities at the club operations under the relevant government regulations, and the decline of mainland and other tourist arrivals. Based on the April 2020 Management Accounts, the Group is still in a sound financial position with the Group's current ratio (current assets over current liabilities) as at 30 April 2020 standing at 13.7 times. Based on the situation reported above, the Group recorded a likely loss attributable to shareholders of the Company of approximately HK$87 million (including mark-to-market value changes in the investment portfolio) for the four months ended 30 April 2020. Subject to market conditions and some preliminary figures for the Group's investment portfolio as at 20 May 2020; and if the foregoing circumstances relating to the Group's financial performance continue further into the second quarter of 2020, the Group currently expects that this could collectively result in a net loss for the six months ending 30 June 2020, as compared to the profit attributable to shareholders of the Company of HKD 45.7 million for the six months ended 30 June 2019.