The Board of Vodatel Networks Holdings Limited announced the Members and potential investors that after preliminary assessment of the unaudited management accounts of the Group, while the Group has experienced improved operating performance as evidenced by double digit growth in its revenue and gross profit for the Year, attributable to a loss allowance made against a receivable from a project owner, which is a leading gaming operator in Macao, of approximately HKD 16,000,000 that the Group has yet to reach an agreement on its recoverability, the Group is expected to post a loss before income tax of approximately HKD 6,000,000 for the Year as compared to a net profit before income tax of HKD 773,000 for 2018.