The board of directors of Brainhole Technology Limited informed the shareholders of the Company (the "Shareholders") and potential investors that, based on information currently available to the Company and the preliminary assessment by the Board of the unaudited consolidated management accounts of the Group for the year ended 31 December 2019, the Group is expected to record a net loss ranging from approximately HKD 48 million to HKD 58 million as compared to the net profit of approximately HKD 34.6 million for the year ended 31 December 2018.