The board of directors of Tak Lee Machinery Holdings Limited announced that, based on the Group's unaudited consolidated management accounts for the nine months ended 30 April 2020 and the information currently available to the Board, the Group expects that the net profit of the Group for the nine months ended 30 April 2020 would increase by approximately 40% to 45% as compared to the net profit of the Group recorded for the corresponding period in 2019. The Board considers that (i) the increase was mainly attributed to the growth in the leasing business of the Group, which was driven by the demand arising from the commencement and progress of large- scale infrastructure and reclamation projects in Hong Kong such as the Three Runway System of the Hong Kong International Airport and the Tung Chung New Town Extension; and (ii) the Company was not materially and adversely affected by the outbreak of the Coronavirus Disease 2019 (COVID-19) during the nine months ended 30 April 2020.