Prime Intelligence Solutions Group Limited provided that the Group is expected to record an increase in net loss by approximately 100% for the year ended 31 March 2020, as compared to the audited consolidated net loss of approximately HKD 1.5 million for the year ended 31 March 2019. The anticipated loss was primarily attributable to (i) the cost incurred in the setting up of a new and separate software development centre in the People's Republic of China (the PRC') to further enhance and develop the Group's software; (ii) an increase in administrative expenses mainly from the increase in staff costs; and (iii) the measures implemented by the governments of the PRC and the Macau Special Administrative Region of the PRC including locking down to control the rapid spread and reduce the scale of the infection of the novel coronavirus disease (COVID-19), which have impacted the usual business activities of the areas and disrupted the daily operations of the Group.