WLS Holdings Limited announced that the board of directors of the Company informed the shareholders of the Company and potential investors that, based on the preliminary assessment by the management of the Company with reference to the unaudited consolidated management accounts of the Group for the six months ended 31 October 2020, the Group is expected to record a loss of approximately HKD 48.2 million for the six months ended 31 October 2020 as compared with the loss of HKD 12.0 million recorded by the Group for the six months ended 31 October 2019. The loss was mainly attributable to the recognition of expected credit losses on the balances under the contract assets, trade and loan receivables of approximately HKD 48.1 million during the six months ended 31 October 2020.