The board of directors of Goldstream Investment Limited informed the shareholders of the Company and potential investors that, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended 31 March 2021 (the "Reporting Period") and other currently available information, the Group expects to record a decline in its financial performance and anticipates to report a net loss of over SGD 400,000, indicating a drop by over 600% as compared to the corresponding period in last year. The expected increase in loss was mainly attributable to the decrease in revenue by approximately SGD 1.9 million which was mainly attributable to: The Group derived an acquisition fee income of approximately SGD 1.1 million following the completion of the acquisition of the Mandai site in March 2020 while there was no such project acquisition completion in the Reporting Period. The strategic re-alignment of property management service business by the Group in December 2020 from managing residential and industrial properties to managing government and international projects where existing property management contracts were novated to third party managing agents. Following the strategic re-alignment, there was no revenue derived from this business segment in the Reporting Period as compared to the property management fee income of approximately SGD 569,000 derived in the corresponding period. There was no new investment fund closed in the Reporting Period, resulting in the decrease in fund management fees.