The board of directors of Hong Kong Shanghai Alliance Holdings Limited informed the shareholders of the Company (the Shareholders) and potential investors that, based on the preliminary review of the Group's unaudited consolidated management accounts for the six months ended 30th September 2020 (the Period), notwithstanding the impact of the coronavirus disease 2019 (COVID-19 pandemic) the Group remained profitable for the Period. However, the profit attributable to owners of the company is expected to record a decline to a range within HKD 0.3 million to HKD 1.0 million for the Period as compared to HKD 2.5 million in the same period last year.