The board of directors of Top Spring International Holdings Limited informed the shareholders and potential investors of the company that, based on a preliminary assessment by the Board on the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, the Group is expected to record a substantial increase of approximately 50% in the consolidated net loss for the six months ended 30 June 2020 as compared with the consolidated net loss of approximately HKD 159.1 million recorded for the six months ended 30 June 2019.