The board of directors of Cool Link (Holdings) Limited announced that the unaudited consolidated management accounts for the year ended December 31, 2017, the Group is expected to record a loss for the year ended December 31, 2017 as compared to a profit for the year ended December 31, 2016. The Board considers that such loss was mainly attributable to the recognition of non-recurring listing expenses in the group's consolidated statement of comprehensive income amounting to approximately SGD 2.5 million for the year ended December 31, 2017 in relation to the listing of the shares of the Company on GEM on September 22, 2017; and an increase in the group's administrative and other operating expenses for the year ended December 31, 2017 as compared to the year ended December 31, 2016.