Jolimark Holdings Limited board of directors announced that based on the preliminary review of the latest unaudited consolidated management accounts of the Group for the year ended 31 December 2019, the Group is expected to record a loss of approximately between RMB 35 million and RMB 40 million for the year ended 31 December 2019, as compared with a loss of approximately RMB 29.041 million in the same period last year. The increase in loss is attributable primarily to the continued domestic economic downturn which has led to a decline in demand in the printer market.