The board of directors of Willas-Array Electronics (Holdings) Limited informed the shareholders and potential investors of the company that, based on the Board's preliminary assessment of the unaudited consolidated management accounts of the Group for the three months ended June 30, 2019, it is expected that the Group is likely to record a consolidated net loss for first quarter fiscal year 2020 as compared to a consolidated net profit for the three months ended June 30, 2018. The expected consolidated net loss is mainly attributable to: (i) the decline in sales revenue of the Group as a result of the continuing US-China trade tensions that have dampened consumer sentiment; (ii) stock provision made for the slow-moving inventories due to slowdown of market demand; and (iii) an exchange loss arising from the depreciation of the Renminbi.