The board of directors of M&L Holdings Group Limited informed the shareholders and potential investors of the Company that, based on the information currently available to the Board, the Group is expected to record a loss of not less than HKD 7,500,000 for the nine months ended 30 September 2020 as compared to the loss of HKD 1,691,000 as recorded in the corresponding period in 2019. The Board considers that the loss for the Period was mainly due to a decline in revenue of more than 50% as compared with the corresponding period in 2019.