S. Culture International Holdings Limited announced that based on its preliminary review of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019 (the ` Year') and information currently available, it is expected that the Group will record a net loss in the range of HKD 67 million to HKD 75 million for the Year as compared to a net profit of approximately HKD 6 million for the corresponding year in 2018.