The board of directors of Merdeka Financial Group Limited informed the shareholders of the Company and potential investors that the Group is expected to record a net loss of approximately HKD 79.3 million for the six months ended 30 June 2020 as compared to the net loss of approximately HKD 17.9 million for the six months ended 30 June 2019. The net loss was mainly due to the impairment loss on finance lease receivables of approximately HKD 78.0 million. Such impairment loss on finance lease receivables is a non-cash item. Given the businesses of both corporate finance advisory and asset management services continuously contribute revenue and operating profit to the Group since they commenced businesses in late 2019, should the impairment loss of finance lease receivables be excluded, the net loss of the Group would be HKD 1.3 million, which represented a significant drop in net loss as compared with the net loss of HKD 17.9 million for the six months ended 30 June 2019.