The board of directors Cool Link (Holdings) Limited announced that, based on the information currently available to the Board, including the unaudited consolidated management accounts for the six months ended 30 June 2019 ("PE2019"), the Group is expected to record a loss of not less than SGD 400,000 for PE2019 as compared to a profit of approximately SGD 140,000 for the six months ended 30 June 2018. The Board considers that such loss was mainly attributable to the decrease in sales and hence gross profit decreased by approximately 11% as a result of the intense competition in the market; and the fair value loss on financial assets at fair value through profit or loss of approximately SGD 390,000.