What is the real reason for the huge loss of Warwick Kazakhstan Branch?

Previously, the reason for the huge loss was that the performance of M&A's three major targets failed to meet expectations, and the goodwill was impaired by 2.85-3.2 billion yuan. By the end of the third quarter of 20 19, the company's goodwill was 3.699 billion yuan, mainly from the acquisition of Igras (2.267 billion yuan), Beijing Thumb Play (269 million yuan) and Hangzhou Search Film (1063 million yuan). The loss of 2.6 billion is also a problem for Agras.