Hin Sang Group (International) Holding Co. Ltd. provided that the Group is expected to record a consolidated loss of approximately HKD 30 million for the year ended 31 March 2020 as compared to a consolidated loss of approximately HKD 12 million for the year ended 31 March 2019. The loss is primarily attributable to: the impairment of assets (being land and buildings) of approximately HKD 20 million; and the decrease in financial performance of the Hong Kong retail market in general due to the outbreak of COVID-19 in the last quarter of the financial year and the social movement in Hong Kong in the second half of 2019.