The board of directors of Kingbo Strike Limited announced that, based on the information currently available to the Company and the preliminary review by the Board of the unaudited consolidated management accounts of the Group for the six months ended 31 December 2019, the Group is expected to record a loss attributable to equity owners ranging from approximately SGD 2.8 million to SGD 3.7 million, as compared to the profit attributable to equity owners of the Group for the corresponding period in 2018 of the amount of SGD 3,652,440.