The board of directors of the Crosstec Group Holdings Limited informed the shareholders of the company and potential investors that, based on the information currently available and the preliminary review on the Group's unaudited consolidated management accounts for the six months ended 31 December 2020 the Group is expected to record a decrease in consolidated net loss for the Period of approximately 50% as compared to the consolidated net loss of approximately HKD 7.6 million for the six months ended 31 December 2019. The Board considers that the decrease in consolidated net loss of the Group for the Period is mainly attributable to (i) the decrease in administrative expenses as a result of the management's effort on the cost saving policy; (ii) the receipt of subsidies under the Employment Support Scheme launched by The Government of the Hong Kong Special Administrative Region; and (iii) the significant increase in revenue from the interior solutions services due to reward of certain large interior solutions projects from certain renowned property developers in Hong Kong during the Period.