Goldstream Investment Limited provided earnings guidance for the nine months ended 30 September 2020. The board (the "Board") of directors (the "Directors" and each a "Director") of the Company, based on the preliminary assessment of the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2020 (the " Reporting Period") and other currently available information, the Group expects to record a substantial decline in its financial performance and anticipates to report a net loss of over SGD 8 million, indicating a drop by over 400% as compared to the corresponding period in last year, mainly due to the a llowance for impairment losses of approximately SGD 3.7 million in respect of the Group's Investment Management Fees Receivables and approximately SGD2.3 million in respect of the advance by the Group to ZACD Australia Hospitality Fund (collectively the " Impairment Losses") recognised by the Group and an one-off corporate finance activity carried out in the interim period six months ended 30 June 2020.