Anacle Systems Limited board of directors announced that, based on the preliminary assessment of the latest available financial information, the Group is expected to record a net loss for the interim period ended 30 November 2019. The loss for the Reporting Period was mainly attributable to the Group's joint venture in China. The revenue from the joint venture was estimated to be 1.1% of the Group's total revenue and its net operating loss was estimated to be no more than SGD 550,000. The joint venture is entering its second year of operations and it still in the business development phase. Sales and marketing activities and administrative supporting activities were still the major costs during this period to date.