The board of directors of the Cocoon Holdings Limited informed to the shareholders of the Company and potential investors that, based on the preliminary assessment of the Group's unaudited management accounts for the six months ended 30 June 2019 and information currently available to the Board, the Group is expected that the decrease in unaudited consolidated net loss for the Interim Period was primarily attributable to the significant decrease in loss on the Group's listed investments for the Interim Period, as compared to that for the six months ended 30 June 2018.