The board of directors of the Universe Printshop Holdings Limited informed the shareholders of the Company (the Shareholders) and potential investors that based on the latest review of the Group's unaudited consolidated management accounts for the nine months ended 31 December 2019 and information currently available to the Company, the Group is expected to record a substantial increase in net loss for the nine months ended 31 December 2019 (excluding the impact of an one-off gain on disposal of property, plant and equipment), as compared to a net loss of approximately HKD 1.2 million for the nine months ended 31 December 2018. The increase in the Group's net loss was mainly attributable to the decrease in revenue as a result of worsening economic sentiment in Hong Kong.