Quali-Smart Holdings Limited provided group earnings guidance for the year ended March 31, 2020. The Board inform shareholders and potential investors of the company that based on the information currently available to the Board, the Group is expected to record a material increase in the consolidated net loss attributable to owners of the company for the year ended 31 March 2020 as compared with the year ended 31 March 2019. Such increase in consolidated net loss is mainly attributable to the impairment loss on goodwill attributable to Crosby Securities Limited for fiscal year 2020. The Board currently expects that the estimated amount of such possible impairment loss on goodwill in fiscal year 2020 would be not less than HKD 43 million. As a result, the Board currently expects that the consolidated net loss attributable to owners of the company for fiscal year 2020 would widen by at least the above estimated amount of possible impairment loss on goodwill, when compared with the consolidated net loss attributable to owners of the company of about HKD 35.8 million for fiscal year 2019. Based on the preliminary information currently available to the Board, despite CSL showing a material increase in revenues during fiscal year 2020 when compared with fiscal year 2019.