The Board of Town Health International Medical Group Limited announced that, based on information currently available, it is expected that for the year ended 31 December 2020, the Group will record an impairment loss on promissory notes of approximately HKD 208 million in relation to the promissory note with a principal amount of HKD 330 million issued by Profit Castle Holdings Limited as consideration for the acquisition of the Group's interests in Bonjour Beauty International Limited and its subsidiaries. The Group is therefore currently expected to record a consolidated loss for the year ended 31 December 2020 of approximately HKD 255 million, as compared with the consolidated profit of the Group for the year ended 31 December 2019 of approximately HKD 10.5 million, attributable to the above impairment loss.