Tai Ping Carpets International Limited announced that based on a preliminary review of the unaudited consolidated management accounts of the group for the first half of 2020 and information currently available, it is expected that the net loss for the six months ended 30 June 2020 will be approximately HKD 30 million as compared to the net loss for the corresponding period in 2019 of HKD 21 million, which was primarily attributable to the factors referred to in the Announcement.