The Board of Directors of King Wan Corporation Limited announced that following a preliminary assessment of the Group's unaudited results for the nine months ended 31 December 2020, the Group is expected to report a net loss for nine months of 2021, due to operating losses arising from the halt of construction activities during the circuit breaker and increase in construction costs for certain projects as a result of the COVID-19 pandemic. For the full year, the company is expected to report a net loss for full year ending 31 March 2021 due to operating losses arising from the halt of construction activities during the circuit breaker and increase in construction costs for certain projects as a result of the COVID-19 pandemic.