The Board of PacRay International Holdings Limited announced that based on the information currently available to the management of the Company (the "Management"), including the unaudited consolidated management accounts of the Group for the six months ended 30 June 2020, it is expected that the Group will record an increase in revenue by approximately 75% to approximately HKD 35 million for the six months ended 30 June 2020, as compared with approximately HKD 20 million for the six months ended 30 June 2019; an increase in gross profit by approximately 38% to approximately HKD 11 million for the six months ended 30 June 2020, as compared with approximately HKD 8 million for the six months ended 30 June 2019; and a decrease in loss attributable to owners of the parent by approximately 89% to HKD 1 million for the six months ended 30 June 2020, as compared to with approximately HKD 9 million for the six months ended 30 June 2019.