The board of Yuk Wing Group Holdings Limited provided that based on the preliminary review of the unaudited consolidated management accounts of the Group, the Group expects to record an decrease of over 50% in consolidated net profit for the six months ended 30 September 2020, as compared to that of the six months ended 30 September 2019. Such decrease was primarily attributable to the stagnant business environment in Hong Kong during the six months ended 30 September 2020, where the slowdown in approval of public works budgets by the Finance Committee of the Legislative Council of Hong Kong caused by the Novel Coronavirus (COVID-19) pandemic led to less construction projects available in the Hong Kong market.