The board of directors of the Cool Link (Holdings) Limited announced that the shareholders of the Company and potential investors that, based on the information currently available to the Board, including the unaudited consolidated management accounts of the company for the nine months ended 30 September 2019, the Group is expected to record a loss of not less than $300,000 for the nine months ended 30 September 2019 as compared to a profit of approximately $246,000 for the nine months ended 30 September 2018. The Board considers that such loss was mainly attributable to the decrease in sales of approximately 9% and hence gross profit decreased by approximately 13% as a result of the intense competition in the market.