The board of directors of Tradelink Electronic Commerce Limited informed shareholders of the company and potential investors that based on a preliminary review of the Group's unaudited consolidated management accounts for the six months ended 30 June 2020 and the information currently available, the Group is expected to record a significant decrease in profit attributable to shareholders of the company for the six months ended 30 June 2020 by around 40% as compared to the profit attributable to the shareholders of the company for the corresponding period in 2019. The primary reasons of the decrease are a share of loss from the associate Guangdong Nanfang Haian Science & Technology Service Company Limited as compared to a share of profit from this associate for the corresponding period in 2019 and a provision for impairment loss on interest in Nanfang for the period ended 30 June 2020 in view of its operating loss incurred and the gloomy business outlook a net loss on disposal of debt securities to reduce risks under significant market volatility, and the decrease in overall revenue of the Group due to the adverse business environment with the continued spread of COVID-19 across the world.