The board of directors of the Sam Woo Construction Group Limited announced that the shareholders of the Company and potential investors that, based on the information currently available to the Board, the Group expects to record a net loss of not less than HKD 40 million for the six months ended 30 September 2020 as compared to the net profit for the corresponding period in last year. Such expected net loss arose mainly because contract revenue decreased more than 50% during the Period as compared to that of the last year. As disclosed in the last published annual report of the Group for the year ended 31 March 2020, the Group has expected that its contract revenue for the Period would be significantly lower than that of the corresponding period in the last year given: (a) the completion of Hospital Expansion, Airport Logistic Centre and Tseung Kwan O Cross Bay Link construction projects; and (b) the size of contracts on hand and contracts likely be awarded to the Group in the near-term.