The board of directors of K Group Holdings Limited informed the shareholders of the Company (the "Shareholders") and potential investors that, based on preliminary assessment of the Board with reference to the unaudited consolidated management accounts of the Group for the year ended 31 August 2020 (the "Year") and other information currently available to the Board, it is expected that the Group would record a higher loss attributable to the owners of the Company for the Year in a range of approximately SGD 7.8 to SGD 8.1 million as compared to a loss attributable to owners of the Company of approximately SGD 3.5 million for the 11-month period from 1 October 2018 to 31 August 2019 ("Period 2019").