The board of directors of Momentum Financial Holdings Limited informed the shareholders of the Company and potential investors that based on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020 the unaudited consolidated loss of the Group for the six months ended 30 June 2020 is expected to decrease by approximately HKD 3 million as compared with the unaudited consolidated loss for the corresponding period of six months ended 30 June 2019. Such expected decrease was mainly attributable to the increase in gross profit by approximately HKD 3 million during the Period as compared to the corresponding period in 2019.